Lake Winn Resources (Lake Winn Resources) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Lake Winn Resources Debt-to-Equity?

Lake Winn Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Lake Winn Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Lake Winn Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.32 Mil. Lake Winn Resources'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 Lake Winn Resources's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Lake Winn Resources was 0.28. The lowest was 0.04. And the median was 0.05.

EQTXF'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.

Lake Winn Resources Debt-to-Equity Historical Data

The historical data trend for Lake Winn 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.

Lake Winn Resources Debt-to-Equity Chart

Lake Winn Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.28

Lake Winn Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Lake Winn Resources's Debt-to-Equity

For the Gold subindustry, Lake Winn 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.

Lake Winn Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Lake Winn Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lake Winn 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	+	0)	/	-0.32
	=	0.00

Lake Winn Resources'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)	/	-0.32
	=	0.00

Lake Winn Resources (OTCPK:EQTXF) 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.

Lake Winn Resources Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Lake Winn Resources's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Lake Winn Resources (Lake Winn Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lake Winn Resources Corp (OTCPK:EQTXF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EE1A:Germany LWR:Canada

Address

1111 Melville Street, Suite 1100, 11th Floor, Vancouver, BC, CAN, V6E 3V6

Website

https://www.lakewinn.ca

Lake Winn Resources Corp is a gold company focusing on the exploration and development of gold properties in Canada. The company has a purchase agreement to acquire 100% of its flagship Cloud property located in the province of Manitoba, approximately 40 kilometers northeast of the town of Flin?Flon. Access to the property is provided by Manitoba highway 10 to the all?weather Kississing Lake Road. It operates in one reportable operating segment, which is the acquisition and development of exploration and evaluation assets in Canada.

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