Electrum Discovery (Electrum Discovery) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Electrum Discovery Debt-to-Equity?

Electrum Discovery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Electrum Discovery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Electrum Discovery's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $2.04 Mil. Electrum Discovery's debt to equity for the quarter that ended in Mar. 2024 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 Electrum Discovery's Debt-to-Equity or its related term are showing as below:

ELDCF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.23 Med: -0.23 Max: -0.23
Current: 0.04

During the past 2 years, the highest Debt-to-Equity Ratio of Electrum Discovery was -0.23. The lowest was -0.23. And the median was -0.23.

ELDCF's Debt-to-Equity is ranked better than
70.69% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ELDCF: 0.04

Electrum Discovery Debt-to-Equity Historical Data

The historical data trend for Electrum Discovery'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.

Electrum Discovery Debt-to-Equity Chart

Electrum Discovery Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

-0.23

Electrum Discovery Quarterly Data
	Dec22	Mar23	Dec23	Mar24
Debt-to-Equity	-	N/A	-0.23	-

Competitive Comparison of Electrum Discovery's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Electrum Discovery'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.

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

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

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

Electrum Discovery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Electrum Discovery'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
	=	(0	+	0.085)	/	-0.374
	=	-0.23

Electrum Discovery's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0	+	0)	/	2.041
	=	0.00

Electrum Discovery (GREY:ELDCF) 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.

Electrum Discovery Debt-to-Equity Related Terms

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Electrum Discovery (Electrum Discovery) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electrum Discovery Corp (GREY:ELDCF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

R8N:Germany ELY:Canada

Address

Website

Electrum Discovery Corp is an Canadian-based mineral exploration and development company focused on the Western Tethyan Belt with activities in the Republic of Serbia. The current focus of the company is its copper-gold Timok East Project.

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