HNATF (Primary Hydrogen) Debt-to-Equity: 0.00 (As of May. 2026)

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HNATF Primary Hydrogen Corp HNATF
15 GF Score
Price $1.30
! 1 Warning Sign
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What is Primary Hydrogen Debt-to-Equity?

Primary Hydrogen HNATF +7.60% 15 Debt-to-Equity is 0.00 as of May. 2026. GuruFocus rates HNATF with a GF Score™ of 15/100. The stock has 1 warning sign investors should review. Among 1,230 Metals & Mining companies, Primary Hydrogen ranks worse than 81300.73% on this metric.

Primary Hydrogen's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was $0.00 Mil. Primary Hydrogen's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was $0.00 Mil. Primary Hydrogen's Total Stockholders Equity for the quarter that ended in May. 2026 was $2.06 Mil. Primary Hydrogen's debt to equity for the quarter that ended in May. 2026 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 Primary Hydrogen's Debt-to-Equity or its related term are showing as below:

HNATF's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.135
* Ranked among companies with meaningful Debt-to-Equity only.

Primary Hydrogen  (OTCPK:HNATF) 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.

Primary Hydrogen Debt-to-Equity Related Terms

Primary Hydrogen Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Primary Hydrogen'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.

Primary Hydrogen Debt-to-Equity Chart

Primary Hydrogen Annual Data
Trend Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Debt-to-Equity
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Primary Hydrogen Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Primary Hydrogen Debt-to-Equity Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Primary Hydrogen'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.

Primary Hydrogen Debt-to-Equity vs Metals & Mining Industry

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

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


HNATF
15GF Score
Primary Hydrogen Corp HNATF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Primary Hydrogen Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Primary Hydrogen's Debt to Equity Ratio for the fiscal year that ended in Nov. 2025 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

Primary Hydrogen's Debt to Equity Ratio for the quarter that ended in May. 2026 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) / 2.055
=0.00

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.00 mean?
Primary Hydrogen (HNATF) has a Debt-to-Equity of 0.00 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Primary Hydrogen and its competitors. According to the industry distribution chart, Primary Hydrogen ranks #999999 out of 1230 companies in the Metals & Mining industry.
Is Primary Hydrogen's Debt-to-Equity too high?
Primary Hydrogen's current Debt-to-Equity is 0.00. Based on the distribution chart, Primary Hydrogen ranks #999999 out of 1230 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Primary Hydrogen has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Primary Hydrogen's Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Primary Hydrogen ranks #999999 out of 1230 companies for Debt-to-Equity. This places Primary Hydrogen in the lower half of its industry. The industry median Debt-to-Equity is 0.14. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.14, based on 1,230 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Primary Hydrogen and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primary Hydrogen's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primary Hydrogen stock overvalued right now?
Primary Hydrogen (HNATF) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. Primary Hydrogen's overall GF Score™ is 15/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Primary Hydrogen (HNATF), the current Debt-to-Equity is 0.00 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Primary Hydrogen Business Description

Other Exchanges 83W:GermanyHDRO:Canada
Address 540-5th Avenue SW, Suite 1410, Calgary, AB, CAN, T2P 0M2
Primary Hydrogen Corp. is engaged in the acquisition, exploration, and development of natural hydrogen properties. The group has an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Point Rosie, Gaspe Ophiolite, Coquihalla, Cogburn, and Crooked Amphibolite. The Marys Harbour and Point Rosie properties are located in Southern Newfoundland and Labrador. The Coquihalla, Cogburn, and Crooked Amphibolite properties are located in Southern British Columbia. The Gaspe Ophiolite property is located in Southern Quebec.
15GF Score

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