EMTRF (Element 29 Resources) Debt-to-Equity : 0.00 (As of Sep. 2024)

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What is Element 29 Resources Debt-to-Equity?

Element 29 Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.02 Mil. Element 29 Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Element 29 Resources's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $9.45 Mil. Element 29 Resources's debt to equity for the quarter that ended in Sep. 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 Element 29 Resources's Debt-to-Equity or its related term are showing as below:

During the past 5 years, the highest Debt-to-Equity Ratio of Element 29 Resources was 0.34. The lowest was 0.00. And the median was 0.00.

EMTRF'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.

Element 29 Resources Debt-to-Equity Historical Data

The historical data trend for Element 29 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.

Element 29 Resources Debt-to-Equity Chart

Element 29 Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Element 29 Resources 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															0.01	-	-	-	-

Competitive Comparison of Element 29 Resources's Debt-to-Equity

For the Copper subindustry, Element 29 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.

Element 29 Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Element 29 Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Element 29 Resources's Debt-to-Equity falls into.

Element 29 Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Element 29 Resources'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
	=	(0.022	+	0.01)	/	11.74
	=	0.00

Element 29 Resources'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
	=	(0.015	+	0)	/	9.454
	=	0.00

Element 29 Resources (OTCPK:EMTRF) 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.

Element 29 Resources Debt-to-Equity Related Terms

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Element 29 Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Element 29 Resources Inc (OTCPK:EMTRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2IK:Germany ECU:Canada

Address

1650 - 1066 West Hastings Street, Vancouver, BC, CAN, V6C3X1

Website

https://www.e29copper.com

Element 29 Resources Inc is a Canada-based mineral exploration company acquiring, exploring, and evaluating resource properties. Its projects include the Flor de Cobre and Elida copper projects, among others. It has one business segment, the exploration of mineral properties. The company's properties are located in Peru.

Element 29 Resources Headlines

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