Red Metal Resources (Red Metal Resources) Debt-to-Equity : -0.99 (As of Oct. 2023)

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What is Red Metal Resources Debt-to-Equity?

Red Metal Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $1.82 Mil. Red Metal Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. Red Metal Resources's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $-1.85 Mil. Red Metal Resources's debt to equity for the quarter that ended in Oct. 2023 was -0.99.

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 Red Metal Resources's Debt-to-Equity or its related term are showing as below:

RMESF' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.29 Med: -1.04 Max: -0.37
Current: -0.99

During the past 13 years, the highest Debt-to-Equity Ratio of Red Metal Resources was -0.37. The lowest was -4.29. And the median was -1.04.

RMESF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs RMESF: -0.99

Red Metal Resources Debt-to-Equity Historical Data

The historical data trend for Red Metal Resources'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.

Red Metal Resources Debt-to-Equity Chart

Red Metal Resources Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Debt-to-Equity

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-2.57

-1.52

-1.73

-2.42

-1.12

Red Metal Resources Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															-1.21	-1.12	-1.06	-1.02	-0.99

Competitive Comparison of Red Metal Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Red Metal Resources'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.

Red Metal Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Red Metal Resources's Debt-to-Equity falls into.

Red Metal Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Red Metal Resources's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(1.641	+	0)	/	-1.472
	=	-1.11

Red Metal Resources's Debt to Equity Ratio for the quarter 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
	=	(1.822	+	0)	/	-1.848
	=	-0.99

Red Metal Resources (OTCPK:RMESF) 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.

Red Metal Resources Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Red Metal Resources's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Red Metal Resources (Red Metal Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Metal Resources Ltd (OTCPK:RMESF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RMES:Canada

Address

1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://www.redmetalresources.com

Red Metal Resources Ltd is involved in acquiring and exploring mineral properties in Chile. The company's interest in exploration and evaluation assets consisted of three active copper-gold projects on two properties, namely the Farellon and Perth Projects both located on the Carrizal Property, and the Mateo Project located on the Mateo Property.

Executives

Richard Jeffs	10 percent owner	FLAT 7, 6 ENNISMORE GARDENS, LONDON X0 SW7 1NL
Caitlin Jeffs	director	195 PARK AVENUE, THUNDER BAY A6 P7B 1B9
Jeffrey Cocks	director	118 8TH AVE. NW, CALGARY A0 T2M 0A4
Michael Thompson	director	195 PARK AVENUE, THUNDER BAY A6 P7B 1B9
Mcfarlane Cody Michael	director	PUNTA NOGALES 1324, HOUSE 19, SANTIAGO F3 000000
Joao Dacosta	officer: Chief Financial Officer	#810 - 789 WEST PENDER STREET, VANCOUVER A1 V6C 1H2
Susan Jeffs	10 percent owner	4 MONTPELIER STREET, SUITE 521, LONDON X0 SW7 1EE
Robert Andjelic	10 percent owner	P.O. BOX 69, MILLARVILLE A0 1KO
Laboa Holdings Inc.	10 percent owner	SUITE 1-A, #5, CALLE EUSEBIO A. MORALES, EL CANGREJO, PANAMA CITY R1 00000
Kevin Mitchell	10 percent owner	ALONSO DE ERCILLA #733, VALLENAR F3 00000
Cicco John Di	director, 10 percent owner, officer: CEO, President, and CFO	10168 LAWSON DRIVE, RICHMOND A1 V7E 5M3

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