Aston Bay Holdings (Aston Bay Holdings) Debt-to-Equity : 2.40 (As of Dec. 2023)

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What is Aston Bay Holdings Debt-to-Equity?

Aston Bay Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.46 Mil. Aston Bay Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Aston Bay Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $0.19 Mil. Aston Bay Holdings's debt to equity for the quarter that ended in Dec. 2023 was 2.40.

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 Aston Bay Holdings's Debt-to-Equity or its related term are showing as below:

ATBHF' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.16 Med: -0.39 Max: 2.4
Current: 2.4

During the past 12 years, the highest Debt-to-Equity Ratio of Aston Bay Holdings was 2.40. The lowest was -2.16. And the median was -0.39.

ATBHF's Debt-to-Equity is ranked worse than
96.72% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ATBHF: 2.40

Aston Bay Holdings Debt-to-Equity Historical Data

The historical data trend for Aston Bay Holdings'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.

Aston Bay Holdings Debt-to-Equity Chart

Aston Bay Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Debt-to-Equity

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-0.63

-0.39

Aston Bay Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.32	-0.39	-0.36	-0.69	2.40

Competitive Comparison of Aston Bay Holdings's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Aston Bay Holdings'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.

Aston Bay Holdings's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Aston Bay Holdings's Debt-to-Equity falls into.

Aston Bay Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aston Bay Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 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
	=	(0.408	+	0)	/	-1.043
	=	-0.39

Aston Bay Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.464	+	0)	/	0.193
	=	2.40

Aston Bay Holdings (OTCPK:ATBHF) 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.

Aston Bay Holdings Debt-to-Equity Related Terms

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Aston Bay Holdings (Aston Bay Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aston Bay Holdings Ltd (OTCPK:ATBHF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6AY:Germany BAY:Canada

Address

80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4

Website

https://astonbayholdings.com

Aston Bay Holdings Ltd provides mineral exploration services located in Toronto, Ontario. The company is currently exploring the high-grade Buckingham Gold Vein in central Virginia and is in the advanced stages of negotiation on other lands with high-grade copper potential in the area.