Vendetta Mining (TSXV:VTT) Debt-to-Equity : 0.01 (As of Nov. 2023)

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What is Vendetta Mining Debt-to-Equity?

Vendetta Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.04 Mil. Vendetta Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.02 Mil. Vendetta Mining's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$5.53 Mil. Vendetta Mining's debt to equity for the quarter that ended in Nov. 2023 was 0.01.

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 Vendetta Mining's Debt-to-Equity or its related term are showing as below:

TSXV:VTT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.92 Max: 1.72
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Vendetta Mining was 1.72. The lowest was 0.01. And the median was 0.92.

TSXV:VTT's Debt-to-Equity is ranked better than
99.92% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:VTT: 0.01

Vendetta Mining Debt-to-Equity Historical Data

The historical data trend for Vendetta Mining'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.

Vendetta Mining Debt-to-Equity Chart

Vendetta Mining Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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1.30

1.72

0.83

0.01

Vendetta Mining Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	0.01	0.01	0.01

Competitive Comparison of Vendetta Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Vendetta Mining'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.

Vendetta Mining's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Vendetta Mining's Debt-to-Equity falls into.

Vendetta Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vendetta Mining's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(0.034	+	0.035)	/	5.879
	=	0.01

Vendetta Mining's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.036	+	0.016)	/	5.533
	=	0.01

Vendetta Mining (TSXV:VTT) 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.

Vendetta Mining Debt-to-Equity Related Terms

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

Vendetta Mining (TSXV:VTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vendetta Mining Corp (TSXV:VTT) » Definitions » Debt-to-Equity

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VDTAF:USA

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.vendettaminingcorp.com

Vendetta Mining Corp. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on Lead and zinc. It is focused on the Pegmont Lead-Zinc project located in northwest Queensland, Australia. The company's business consists of one reportable segment being Resource Exploration.

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