MURCF (Lightspeed Discoveries) Debt-to-Equity: -0.15 (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 Lightspeed Discoveries Debt-to-Equity?

Lightspeed Discoveries MURCF Debt-to-Equity is -0.15 as of Mar. 2026. Among 1,222 Metals & Mining companies, Lightspeed Discoveries ranks worse than 81832.98% on this metric.

Lightspeed Discoveries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.09 Mil. Lightspeed Discoveries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.00 Mil. Lightspeed Discoveries's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $-0.61 Mil. Lightspeed Discoveries's debt to equity for the quarter that ended in Mar. 2026 was -0.15.

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 Lightspeed Discoveries's Debt-to-Equity or its related term are showing as below:

MURCF' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.8   Med: -0.21   Max: 0.5
Current: -0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Lightspeed Discoveries was 0.50. The lowest was -4.80. And the median was -0.21.

MURCF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.145 vs MURCF: -0.15

Lightspeed Discoveries  (OTCPK:MURCF) 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.

Lightspeed Discoveries Debt-to-Equity Related Terms

Lightspeed Discoveries Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Lightspeed Discoveries'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.

Lightspeed Discoveries Debt-to-Equity Chart

Lightspeed Discoveries 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 -0.47 -0.26 -0.19 -0.17 -0.15

Lightspeed Discoveries 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 -0.16 -0.16 -0.16 -0.15 -0.15

Lightspeed Discoveries Debt-to-Equity Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Lightspeed Discoveries'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.

Lightspeed Discoveries Debt-to-Equity vs Metals & Mining Industry

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

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


Lightspeed Discoveries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lightspeed Discoveries'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
=(0.091 + 0) / -0.589
=-0.15

Lightspeed Discoveries'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
=(0.091 + 0) / -0.605
=-0.15

* 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 -0.15 mean?
Lightspeed Discoveries (MURCF) has a Debt-to-Equity of -0.15 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lightspeed Discoveries and its competitors. According to the industry distribution chart, Lightspeed Discoveries ranks #999999 out of 1222 companies in the Metals & Mining industry.
Is Lightspeed Discoveries' Debt-to-Equity too high?
Lightspeed Discoveries' current Debt-to-Equity is -0.15. Based on the distribution chart, Lightspeed Discoveries ranks #999999 out of 1222 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Lightspeed Discoveries' Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Lightspeed Discoveries ranks #999999 out of 1222 companies for Debt-to-Equity. This places Lightspeed Discoveries in the lower half of its industry. The industry median Debt-to-Equity is 0.15. 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 0.15, based on 1,222 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 Lightspeed Discoveries and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lightspeed Discoveries's current Debt-to-Equity is -0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lightspeed Discoveries stock overvalued right now?
Lightspeed Discoveries (MURCF) has a current Debt-to-Equity of -0.15. The current Debt-to-Equity is -0.15. 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 Lightspeed Discoveries (MURCF), the current Debt-to-Equity is -0.15 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.

Lightspeed Discoveries Business Description

Other Exchanges LSD.H:Canada
Address 595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5
Lightspeed Discoveries Inc is a Canada based exploration stage company. It is engaged in the business process of exploring and developing mineral properties.