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Route 109 ResourcesMRIRF Debt-to-Equity is 0.01 as of May. 2026, which is at its 10-year median of 0.01. Among 1,223 Metals & Mining companies, Route 109 Resources ranks better than 99.92% on this metric.
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 Route 109 Resources's Debt-to-Equity or its related term are showing as below:
MRIRF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.02
Current: 0.01
During the past 9 years, the highest Debt-to-Equity Ratio of Route 109 Resources was 0.02. The lowest was 0.01. And the median was 0.01.
MRIRF's Debt-to-Equity is ranked better than 99.92% of 1223
companies
in the Metals & Mining industry
Industry Median: 0.14
vs MRIRF: 0.01
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.
Route 109 Resources Debt-to-Equity Related Terms
Route 109 Resources Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Route 109 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.
For the Gold subindustry, Route 109 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.
Route 109 Resources Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Route 109 Resources's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Route 109 Resources's Debt-to-Equity falls into.
* 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.
Route 109 Resources (MRIRF) has a Debt-to-Equity of 0.01 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Route 109 Resources and its competitors. This is near median its historical median of 0.01. Over the past decade, Route 109 Resources' Debt-to-Equity has ranged from 0.01 to 0.02. According to the industry distribution chart, Route 109 Resources ranks #1 out of 1223 companies in the Metals & Mining industry, placing it in the top 0.099999999999994%.
Is Route 109 Resources' Debt-to-Equity too high?
Route 109 Resources' current Debt-to-Equity of 0.01 is near median its 10-year median of 0.01. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.02. The Metals & Mining industry median Debt-to-Equity is 0.14. Route 109 Resources' value of 0.01 is 92.9% below this industry median. Based on the distribution chart, Route 109 Resources ranks #1 out of 1223 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Route 109 Resources' Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Route 109 Resources ranks #1 out of 1223 companies for Debt-to-Equity. This places Route 109 Resources in the top 0% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.14. Route 109 Resources' value of 0.01 is 92.9% below this benchmark. Historically, Route 109 Resources' own Debt-to-Equity has ranged from 0.01 to 0.02 over the past decade. While the company's 10-year median is 0.01 vs. the industry median of 0.14, Route 109 Resources has consistently been below the industry average. 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 1,223 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. Route 109 Resources's current Debt-to-Equity of 0.01 is 92.9% below the industry median. 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 Route 109 Resources 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. Route 109 Resources's current Debt-to-Equity is 0.01, which is near median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Route 109 Resources stock overvalued right now?
Route 109 Resources (MRIRF) has a current Debt-to-Equity of 0.01. The current Debt-to-Equity is 0.01, which is near median its 10-year median of 0.01 and 92.9% below the Metals & Mining industry median of 0.14. 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 Route 109 Resources (MRIRF), the current Debt-to-Equity is 0.01 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.
Route 109 Resources Inc is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec, Canada. The company operates in one reportable operating segment, being exploration and evaluation of mineral properties in Canada.
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