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REDRF (Red Canyon Resources) Debt-to-Equity : 0.00 (As of Sep. 2024)


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What is Red Canyon Resources Debt-to-Equity?

Red Canyon Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Red Canyon Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Red Canyon Resources's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $3.71 Mil. Red Canyon Resources's debt to equity for the quarter that ended in Sep. 2024 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 Red Canyon Resources's Debt-to-Equity or its related term are showing as below:

REDRF'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.

Red Canyon Resources Debt-to-Equity Historical Data

The historical data trend for Red Canyon 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.

* Premium members only.

Red Canyon Resources Debt-to-Equity Chart

Red Canyon Resources Annual Data
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Debt-to-Equity
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Red Canyon Resources Quarterly Data
Dec20 Dec21 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 - - - - -

Competitive Comparison of Red Canyon Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Red Canyon 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.


Red Canyon Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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



Red Canyon Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Red Canyon Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Red Canyon Resources's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Red Canyon Resources  (OTCPK:REDRF) 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.


Red Canyon Resources Debt-to-Equity Related Terms

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


Red Canyon Resources Business Description

Comparable Companies
Traded in Other Exchanges
Address
1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4
Red Canyon Resources Ltd is a mineral resource company principally engaged in the acquisition and exploration of mineral property assets in Canada and the United States. Its projects are BC projects including Peak, Kendal, Ping, SP, and Cooper; and the United States projects including Scraper Springs and Keg. It has two geographic segments Canada and the USA. It generates the majority of its revenue from Canada.

Red Canyon Resources Headlines

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