AGXPF (Silver X Mining) Debt-to-Equity : 0.09 (As of Sep. 2024)

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What is Silver X Mining Debt-to-Equity?

Silver X Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1.68 Mil. Silver X Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.06 Mil. Silver X Mining's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $19.33 Mil. Silver X Mining's debt to equity for the quarter that ended in Sep. 2024 was 0.09.

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

AGXPF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.08 Max: 0.18
Current: 0.09

During the past 4 years, the highest Debt-to-Equity Ratio of Silver X Mining was 0.18. The lowest was 0.06. And the median was 0.08.

AGXPF's Debt-to-Equity is ranked better than
56.66% of 1253 companies
in the Metals & Mining industry
Industry Median: 0.13 vs AGXPF: 0.09

Silver X Mining Debt-to-Equity Historical Data

The historical data trend for Silver X 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.

Silver X Mining Debt-to-Equity Chart

Silver X Mining Annual Data

Trend

Feb20

Feb21

Dec22

Dec23

Debt-to-Equity

0.08

0.09

Silver X Mining Quarterly Data
	May20	Aug20	Feb21	May21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial											0.06	0.09	0.08	N/A	0.09

Competitive Comparison of Silver X Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Silver X 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.

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

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

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

Silver X Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Silver X Mining'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
	=	(1.644	+	0.118)	/	18.707
	=	0.09

Silver X Mining's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(1.683	+	0.057)	/	19.332
	=	0.09

Silver X Mining (OTCPK:AGXPF) 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.

Silver X Mining Debt-to-Equity Related Terms

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Silver X Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver X Mining Corp (OTCPK:AGXPF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AGX:Germany AGX:Canada

Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

https://www.silverx-mining.com

Silver X Mining Corp is a Canadian silver mining company with assets in Peru and Ecuador. The Company operates in two reportable operating segments, the exploration and development of mineral properties. The company's flagship asset is the Nueva Recuperada silver lead zinc project located in Huancavelica, Peru. The firm offers diverse commodity exposure, including silver, gold, lead, and zinc opportunities. It also holds interest in the Coriorcco gold project.