DFMTF (Defense Metals) Debt-to-Equity : 0.06 (As of Sep. 2024)

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What is Defense Metals Debt-to-Equity?

Defense Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1.76 Mil. Defense Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.03 Mil. Defense Metals's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $29.90 Mil. Defense Metals's debt to equity for the quarter that ended in Sep. 2024 was 0.06.

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

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

During the past 7 years, the highest Debt-to-Equity Ratio of Defense Metals was 0.06. The lowest was 0.06. And the median was 0.06.

DFMTF's Debt-to-Equity is ranked better than
63.9% of 1252 companies
in the Metals & Mining industry
Industry Median: 0.13 vs DFMTF: 0.06

Defense Metals Debt-to-Equity Historical Data

The historical data trend for Defense Metals'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.

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Defense Metals Debt-to-Equity Chart

Defense Metals Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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Defense Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	0.06

Competitive Comparison of Defense Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Defense Metals'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.

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

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

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

Defense Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Defense Metals's Debt to Equity Ratio for the fiscal year that ended in Mar. 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)	/	23.45
	=	0.00

Defense Metals'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
	=	(1.759	+	0.03)	/	29.904
	=	0.06

Defense Metals (OTCPK:DFMTF) 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.

Defense Metals Debt-to-Equity Related Terms

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Defense Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

35D:Germany DEFN:Canada

Address

228 - 1122 Mainland Street, Suite 605, Vancouver, BC, CAN, V6B 5L1

Website

https://www.defensemetals.com

Defense Metals Corp is a mineral exploration company focused on metals and elements commonly used in the EV market, military, national security, and "GREEN" energy technologies, such as high-strength alloys and rare earth magnets. operates in one business segment, being the exploration, development, and evaluation of the Wicheeda Project in British Columbia, Canada. It holds a portfolio of one hundred percent of the one thousand seven hundred eight hectares of Rare Earth Wicheeda Property in British Columbia, Canada. The mineral deposits are commonly used in the electric power market, defense industry, national security sector, and in the production of green energy technologies.