Western Alaska Minerals (TSXV:WAM) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is Western Alaska Minerals Debt-to-Equity?

Western Alaska Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.30 Mil. Western Alaska Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.48 Mil. Western Alaska Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$38.00 Mil. Western Alaska Minerals's debt to equity for the quarter that ended in Dec. 2023 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 Western Alaska Minerals's Debt-to-Equity or its related term are showing as below:

TSXV:WAM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: 0.24
Current: 0.1

During the past 4 years, the highest Debt-to-Equity Ratio of Western Alaska Minerals was 0.24. The lowest was 0.00. And the median was 0.11.

TSXV:WAM's Debt-to-Equity is ranked better than
54.62% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:WAM: 0.10

Western Alaska Minerals Debt-to-Equity Historical Data

The historical data trend for Western Alaska Minerals'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.

Western Alaska Minerals Debt-to-Equity Chart

Western Alaska Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.24

0.11

0.10

Western Alaska Minerals Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										0.11	0.11	0.10	0.10	0.10

Competitive Comparison of Western Alaska Minerals's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Western Alaska Minerals'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.

Western Alaska Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Western Alaska Minerals's Debt-to-Equity falls into.

Western Alaska Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Western Alaska Minerals's Debt to Equity Ratio for the fiscal year 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
	=	(0.302	+	3.48)	/	37.998
	=	0.10

Western Alaska Minerals'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
	=	(0.302	+	3.48)	/	37.998
	=	0.10

Western Alaska Minerals (TSXV:WAM) 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.

Western Alaska Minerals Debt-to-Equity Related Terms

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Western Alaska Minerals (TSXV:WAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Alaska Minerals Corp (TSXV:WAM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WAMFF:USA

Address

3573 East Sunrise Drive, Suite 233, Tucson, AZ, USA, 85718

Website

https://www.westernalaskaminerals.com

Western Alaska Minerals Corp is engaged in the mineral exploration and development business. The company is focused on exploring the Illinois Creek Mining District in Western Alaska. The group's projects include IC Oxide Gold, Round Top Project, Honker Project, Waterpump Creek and TG North. Its portfolio consists of mineral deposits namely gold, silver, copper, lead, and zinc. It also includes a silver-rich Carbonate Replacement Deposit (CRD) and a NI 43-101 oxide gold resource at the Illinois Creek deposit.

Western Alaska Minerals (TSXV:WAM) Headlines

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