ELECF (Electric Royalties) Debt-to-Equity : 0.47 (As of Sep. 2024)

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What is Electric Royalties Debt-to-Equity?

Electric Royalties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Electric Royalties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $4.61 Mil. Electric Royalties's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $9.83 Mil. Electric Royalties's debt to equity for the quarter that ended in Sep. 2024 was 0.47.

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 Electric Royalties's Debt-to-Equity or its related term are showing as below:

ELECF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.47
Current: 0.47

During the past 5 years, the highest Debt-to-Equity Ratio of Electric Royalties was 0.47. The lowest was 0.00. And the median was 0.00.

ELECF's Debt-to-Equity is ranked worse than
73.5% of 1253 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ELECF: 0.47

Electric Royalties Debt-to-Equity Historical Data

The historical data trend for Electric Royalties'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.

Electric Royalties Debt-to-Equity Chart

Electric Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Electric Royalties Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.20	-	-	0.45	0.47

Competitive Comparison of Electric Royalties's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Electric Royalties'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.

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

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

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

Electric Royalties Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Electric Royalties'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
	=	(0.006	+	0.008)	/	10.078
	=	0.00

Electric Royalties'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
	=	(0.004	+	4.606)	/	9.827
	=	0.47

Electric Royalties (OTCPK:ELECF) 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.

Electric Royalties Debt-to-Equity Related Terms

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Electric Royalties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electric Royalties Ltd (OTCPK:ELECF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ELEC:Canada

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.electricroyalties.com

Electric Royalties Ltd is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.