Canada Nickel Co (Canada Nickel Co) Debt-to-Equity : 0.10 (As of Jan. 2024)

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What is Canada Nickel Co Debt-to-Equity?

Canada Nickel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $12.79 Mil. Canada Nickel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.14 Mil. Canada Nickel Co's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $130.09 Mil. Canada Nickel Co's debt to equity for the quarter that ended in Jan. 2024 was 0.10.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Canada Nickel Co's Debt-to-Equity or its related term are showing as below:

CNIKF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: 0.19
Current: 0.1

During the past 4 years, the highest Debt-to-Equity Ratio of Canada Nickel Co was 0.19. The lowest was 0.00. And the median was 0.11.

CNIKF's Debt-to-Equity is ranked better than
54.32% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs CNIKF: 0.10

Canada Nickel Co Debt-to-Equity Historical Data

The historical data trend for Canada Nickel Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Canada Nickel Co Debt-to-Equity Chart

Canada Nickel Co Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

0.11

Canada Nickel Co Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial												0.16	-	-	0.11	0.10

Competitive Comparison of Canada Nickel Co's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Canada Nickel Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canada Nickel Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Canada Nickel Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Canada Nickel Co's Debt-to-Equity falls into.

Canada Nickel Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canada Nickel Co's Debt to Equity Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(12.159	+	0.15)	/	113.799
	=	0.11

Canada Nickel Co's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(12.793	+	0.142)	/	130.085
	=	0.10

Canada Nickel Co (OTCPK:CNIKF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Canada Nickel Co Debt-to-Equity Related Terms

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Canada Nickel Co (Canada Nickel Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Nickel Co Inc (OTCPK:CNIKF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

4E0:Germany CNC:Canada

Address

130 King Street West, Suite 1900, Toronto, ON, CAN, M5X1E3

Website

https://www.canadanickel.com

Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. The firm is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific - mining camp.