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Amex Resources (Amex Resources) Debt-to-Equity : -2.78 (As of Dec. 2016)


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What is Amex Resources Debt-to-Equity?

Amex Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2016 was $32.10 Mil. Amex Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2016 was $0.00 Mil. Amex Resources's Total Stockholders Equity for the quarter that ended in Dec. 2016 was $-11.53 Mil. Amex Resources's debt to equity for the quarter that ended in Dec. 2016 was -2.78.

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

During the past 9 years, the highest Debt-to-Equity Ratio of Amex Resources was 20.25. The lowest was -4.93. And the median was 3.02.

AMXXF's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Amex Resources Debt-to-Equity Historical Data

The historical data trend for Amex 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.

Amex Resources Debt-to-Equity Chart

Amex Resources Annual Data
Trend Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only - - 1.77 4.44 -4.93

Amex Resources Semi-Annual Data
Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.26 4.44 20.25 -4.93 -2.78

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

For the Copper subindustry, Amex 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.


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

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

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



Amex Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Amex Resources's Debt to Equity Ratio for the fiscal year that ended in Jun. 2016 is calculated as

Amex Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2016 is calculated as

* 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.


Amex Resources  (OTCPK:AMXXF) 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.


Amex Resources Debt-to-Equity Related Terms

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Amex Resources (Amex Resources) Business Description

Traded in Other Exchanges
N/A
Address
Amex Resources Ltd is focused on gold and base metals exploration. The company's tenements are located within Western Australia with the majority of the portfolio situated in the Eastern Goldfields. The company has 100% ownership of 8 exploration projects and aims to upgrade its core assets through continual geological reviews.

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