JMBRF (James Bay Resources) Debt-to-Equity: -0.50 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is James Bay Resources Debt-to-Equity?

James Bay Resources JMBRF Debt-to-Equity is -0.50 as of Mar. 2026. The stock has 3 warning signs investors should review. Among 796 Oil & Gas companies, James Bay Resources ranks worse than 125628.02% on this metric.

James Bay Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.98 Mil. James Bay Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.09 Mil. James Bay Resources's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $-2.13 Mil. James Bay Resources's debt to equity for the quarter that ended in Mar. 2026 was -0.50.

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

JMBRF' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.89   Med: -0.5   Max: 2.04
Current: -0.5

During the past 13 years, the highest Debt-to-Equity Ratio of James Bay Resources was 2.04. The lowest was -2.89. And the median was -0.50.

JMBRF's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.465 vs JMBRF: -0.50

James Bay Resources  (OTCPK:JMBRF) 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.

James Bay Resources Debt-to-Equity Related Terms

James Bay Resources Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for James Bay 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.

James Bay Resources Debt-to-Equity Chart

James Bay Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 -1.71 -1.15 -0.57 -0.54

James Bay Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -0.65 -0.74 -0.61 -0.54 -0.50

JMBRF vs COP, EOG, FANG: Debt-to-Equity Comparison

For the Oil & Gas E&P subindustry, James Bay 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.

James Bay Resources Debt-to-Equity vs Oil & Gas Industry

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

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


James Bay Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

James Bay Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
=(0.96 + 0.094) / -1.961
=-0.54

James Bay Resources's Debt to Equity Ratio for the quarter that ended in Mar. 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
=(0.981 + 0.089) / -2.128
=-0.50

* 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 -0.50 mean?
James Bay Resources (JMBRF) has a Debt-to-Equity of -0.50 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on James Bay Resources and its competitors. According to the industry distribution chart, James Bay Resources ranks #999999 out of 796 companies in the Oil & Gas industry.
Is James Bay Resources' Debt-to-Equity too high?
James Bay Resources' current Debt-to-Equity is -0.50. Based on the distribution chart, James Bay Resources ranks #999999 out of 796 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers.
How does James Bay Resources' Debt-to-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, James Bay Resources ranks #999999 out of 796 companies for Debt-to-Equity. This places James Bay Resources in the lower half of its industry. The industry median Debt-to-Equity is 0.47. 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 an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.47, based on 796 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 James Bay Resources and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. James Bay Resources's current Debt-to-Equity is -0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is James Bay Resources stock overvalued right now?
James Bay Resources (JMBRF) has a current Debt-to-Equity of -0.50. The current Debt-to-Equity is -0.50. 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 James Bay Resources (JMBRF), the current Debt-to-Equity is -0.50 as of Mar. 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.

James Bay Resources Business Description

Industry EnergyOil & Gas
Other Exchanges JBR:Canada
Address 77 Bloor Street West, Suite 1200, Toronto, ON, CAN, M5S 1M2
James Bay Resources Ltd is a junior resource company. The company focuses on the acquisition, exploration, and development of oil and gas properties in the Delta region of Nigeria.