SPCNF (SPC Nickel) Debt-to-Equity : 0.07 (As of Feb. 2024)

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What is SPC Nickel Debt-to-Equity?

SPC Nickel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.02 Mil. SPC Nickel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.03 Mil. SPC Nickel's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $0.76 Mil. SPC Nickel's debt to equity for the quarter that ended in Feb. 2024 was 0.07.

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 SPC Nickel's Debt-to-Equity or its related term are showing as below:

SPCNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.04 Max: 0.08
Current: 0.07

During the past 4 years, the highest Debt-to-Equity Ratio of SPC Nickel was 0.08. The lowest was 0.03. And the median was 0.04.

SPCNF's Debt-to-Equity is ranked better than
60.89% of 1253 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SPCNF: 0.07

SPC Nickel Debt-to-Equity Historical Data

The historical data trend for SPC Nickel'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.

SPC Nickel Debt-to-Equity Chart

SPC Nickel Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

0.03

0.05

SPC Nickel Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial												0.04	0.08	0.05	0.06	0.07

Competitive Comparison of SPC Nickel's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, SPC Nickel'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.

SPC Nickel's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

SPC Nickel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SPC Nickel's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(0.023	+	0.041)	/	1.386
	=	0.05

SPC Nickel's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(0.024	+	0.028)	/	0.759
	=	0.07

SPC Nickel (OTCPK:SPCNF) 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.

SPC Nickel Debt-to-Equity Related Terms

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

SPC Nickel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SPC Nickel Corp (OTCPK:SPCNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SPC:Canada

Address

9 - 1351C Kelly Lake Road, Sudbury, ON, CAN, P3E 5P5

Website

https://www.spcnickel.com

SPC Nickel Corp is engaged in the business of exploration of nickel, copper and platinum group metal mineral projects in Ontario. Its exploration properties consist of Aer Kidd Property, Owen Nickel Property, Lockerby East Property, Janes Property and Muskok Property.

SPC Nickel Headlines

From GuruFocus

SPC Nickel Announces Additional Drill Assays Results from the West Graham Project, Sudbury, Ontario

By PRNewswire • 07-11-2023