Western Resources (Western Resources) Debt-to-Equity : 0.37 (As of Dec. 2023)

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What is Western Resources Debt-to-Equity?

Western Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.97 Mil. Western Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $59.16 Mil. Western Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $183.84 Mil. Western Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.37.

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

WTRNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.23 Max: 0.37
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Western Resources was 0.37. The lowest was 0.06. And the median was 0.23.

WTRNF's Debt-to-Equity is ranked worse than
69.71% of 1314 companies
in the Metals & Mining industry
Industry Median: 0.13 vs WTRNF: 0.37

Western Resources Debt-to-Equity Historical Data

The historical data trend for Western 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.

Western Resources Debt-to-Equity Chart

Western Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.06

0.26

0.18

0.16

0.32

Western Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.12	0.27	0.33	0.32	0.37

Competitive Comparison of Western Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Western 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.

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

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

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

Western Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Western Resources's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(2.435	+	55.235)	/	181.587
	=	0.32

Western Resources'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
	=	(7.969	+	59.155)	/	183.835
	=	0.37

Western Resources (OTCPK:WTRNF) 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 Resources Debt-to-Equity Related Terms

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Western Resources (Western Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Resources Corp (OTCPK:WTRNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WR0:Germany WRX:Canada

Address

666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.westernresources.com

Western Resources Corp is a resource company focused on the development of its potash project in Canada owned by its wholly owned subsidiary, Western Potash Corp, located in Southern Saskatchewan. Its objectives are to complete Phase I of the Milestone Project to prove a new mining technology, which will then be applied to Phases 2 and 3 to develop potash deposits in an environmentally friendly model. The company's two reportable operating segments are the acquisition, exploration, and development of mineral properties and the investment in real estate projects in Canada.