NSHRF (Northern Shield Resources) Debt-to-Equity: 0.00 (As of Mar. 2026)

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What is Northern Shield Resources Debt-to-Equity?

Northern Shield Resources NSHRF +50.00% Debt-to-Equity is 0.00 as of Mar. 2026. The stock has 1 warning sign investors should review. Among 1,231 Metals & Mining companies, Northern Shield Resources ranks worse than 81234.69% on this metric.

Northern Shield Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.00 Mil. Northern Shield Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.00 Mil. Northern Shield Resources's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $3.33 Mil. Northern Shield Resources's debt to equity for the quarter that ended in Mar. 2026 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of Northern Shield Resources was 0.08. The lowest was 0.00. And the median was 0.02.

NSHRF's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Northern Shield Resources  (OTCPK:NSHRF) 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.

Northern Shield Resources Debt-to-Equity Related Terms

Northern Shield Resources Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Northern Shield 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.

Northern Shield Resources Debt-to-Equity Chart

Northern Shield 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 0.00 0.00 0.00 0.00 0.00

Northern Shield 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 0.00 0.00 0.00 0.00 0.00

Northern Shield Resources Debt-to-Equity Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Northern Shield 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.

Northern Shield Resources Debt-to-Equity vs Metals & Mining Industry

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

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


Northern Shield Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Northern Shield 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 + 0) / 2.677
=0.00

Northern Shield 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 + 0) / 3.33
=0.00

* 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 0.00 mean?
Northern Shield Resources (NSHRF) has a Debt-to-Equity of 0.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Northern Shield Resources and its competitors. According to the industry distribution chart, Northern Shield Resources ranks #999999 out of 1231 companies in the Metals & Mining industry.
Is Northern Shield Resources' Debt-to-Equity too high?
Northern Shield Resources' current Debt-to-Equity is 0.00. Based on the distribution chart, Northern Shield Resources ranks #999999 out of 1231 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Northern Shield Resources' Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Northern Shield Resources ranks #999999 out of 1231 companies for Debt-to-Equity. This places Northern Shield Resources in the lower half of its industry. The industry median Debt-to-Equity is 0.13. 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 0.13, based on 1,231 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 Northern Shield Resources and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Shield Resources's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Shield Resources stock overvalued right now?
Northern Shield Resources (NSHRF) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. 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 Northern Shield Resources (NSHRF), the current Debt-to-Equity is 0.00 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.

Northern Shield Resources Business Description

Other Exchanges N9SA:GermanyNRN:Canada
Address 150 Elgin Street, 10th Floor, Ottawa, ON, CAN, K2P 1L4
Northern Shield Resources Inc is a Canadian-based company engaged in generating high-quality exploration targets that views greenfield exploration as an opportunity. It is in the business of identifying, acquiring, and exploring mineral properties located in Eastern Canada. The company has one operating segment involved in the exploration of resource properties. All its exploration activities were in Canada. It holds an interest in Root & Cellar, CSM, and IDEFIX properties.