James Bay Minerals (ASX:JBY) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is James Bay Minerals Debt-to-Equity?

James Bay Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. James Bay Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. James Bay Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3.13 Mil. James Bay Minerals's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 James Bay Minerals's Debt-to-Equity or its related term are showing as below:

ASX:JBY'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.

James Bay Minerals Debt-to-Equity Historical Data

The historical data trend for James Bay 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.

James Bay Minerals Debt-to-Equity Chart

James Bay Minerals Annual Data

Trend

Jun24

Debt-to-Equity

James Bay Minerals Semi-Annual Data
	Dec23	Jun24
Debt-to-Equity	-	-

Competitive Comparison of James Bay Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, James Bay 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.

James Bay Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

James Bay Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

James Bay Minerals's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

James Bay 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	+	0)	/	3.129
	=	0.00

James Bay Minerals (ASX:JBY) 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.

James Bay Minerals Debt-to-Equity Related Terms

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James Bay Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » James Bay Minerals Ltd (ASX:JBY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Tully Road, Suite 1, East Perth, Perth, WA, AUS, 6004

Website

https://www.jamesbayminerals.com.au

James Bay Minerals Ltd is an exploration and development company with a focus on lithium exploration and development in Canada. It holds an interest in La Grande and Troilus Projects. The Company operates in one reportable segment being the exploration and evaluation of lithium resources in the James Bay region of Quebec; Canada.

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