High North Resources (High North Resources) Debt-to-Equity : 17.71 (As of Jun. 2015)

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What is High North Resources Debt-to-Equity?

High North Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2015 was $10.63 Mil. High North Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2015 was $0.22 Mil. High North Resources's Total Stockholders Equity for the quarter that ended in Jun. 2015 was $0.61 Mil. High North Resources's debt to equity for the quarter that ended in Jun. 2015 was 17.70.

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 High North Resources's Debt-to-Equity or its related term are showing as below:

HNTHF's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

High North Resources Debt-to-Equity Historical Data

The historical data trend for High North 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.

High North Resources Debt-to-Equity Chart

High North Resources Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Debt-to-Equity

0.95

High North Resources Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Debt-to-Equity	Get a 7-Day Free Trial													0.81	0.95	2.17	8.87	17.71

Competitive Comparison of High North Resources's Debt-to-Equity

For the Oil & Gas E&P subindustry, High North 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.

High North Resources's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, High North Resources's Debt-to-Equity distribution charts can be found below:

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

High North Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

High North Resources's Debt to Equity Ratio for the fiscal year that ended in Sep. 2014 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
	=	(7.751	+	0)	/	8.204
	=	0.94

High North Resources's Debt to Equity Ratio for the quarter that ended in Jun. 2015 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
	=	(10.631	+	0.222)	/	0.613
	=	17.70

High North Resources (OTCPK:HNTHF) 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.

High North Resources Debt-to-Equity Related Terms

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High North Resources (High North Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High North Resources Ltd (OTCPK:HNTHF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 – 7th Avenue South West, Suite 2800, First Canadian Centre, Calgary, AB, CAN, T2P 3N9

Website

http://www.highnorthresources.com

High North Resources Ltd is primarily engaged in the business of production, exploration, and development of oil and gas properties. The company operates through Chemical and Allied Products Merchant Wholesalers; exporting and importing base oil; Starch and Vegetable Fats and Oils Manufacturing segments. Geographically, it operates through the region of Canada. The organization generates most of its revenues from the trading on base oil, chemicals, and crude oil.

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