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Fortune Minerals (LTS:0UWG) Debt-to-Equity : -1.12 (As of Sep. 2024)


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What is Fortune Minerals Debt-to-Equity?

Fortune Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.96 Mil. Fortune Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$10.11 Mil. Fortune Minerals's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$-9.92 Mil. Fortune Minerals's debt to equity for the quarter that ended in Sep. 2024 was -1.12.

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 Fortune Minerals's Debt-to-Equity or its related term are showing as below:

LTS:0UWG' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.13   Med: 0.12   Max: 0.64
Current: -1.12

During the past 13 years, the highest Debt-to-Equity Ratio of Fortune Minerals was 0.64. The lowest was -1.13. And the median was 0.12.

LTS:0UWG's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs LTS:0UWG: -1.12

Fortune Minerals Debt-to-Equity Historical Data

The historical data trend for Fortune Minerals'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.

Fortune Minerals Debt-to-Equity Chart

Fortune Minerals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.16 -1.08 -1.08 -1.12

Fortune Minerals 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 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 0.25 -1.12 -1.07 -1.13 -1.12

Competitive Comparison of Fortune Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Fortune Minerals'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.

Fortune Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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


Fortune Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fortune Minerals'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
=(9.328 + 0.169) / -8.464
=-1.12

Fortune Minerals'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
=(0.955 + 10.114) / -9.918
=-1.12

* 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.

Fortune Minerals  (LTS:0UWG) 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.

Fortune Minerals Debt-to-Equity Related Terms

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

Fortune Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortune Minerals Ltd (LTS:0UWG) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
FTMDF:USA FT:Canada
Address
617 Wellington Street, London, ON, CAN, N6A 3R6
Website
https://www.fortuneminerals.com
Fortune Minerals Ltd is a Canadian mining and mine development company focused in the exploration and development of specialty metals, base metals, and precious metals in the Northwest Territories with a Refinery contemplated to be built in western Canada.

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