Route 109 Resources (STU:8M0) Debt-to-Equity : 0.01 (As of Nov. 2024)

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What is Route 109 Resources Debt-to-Equity?

Route 109 Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was €0.00 Mil. Route 109 Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was €0.12 Mil. Route 109 Resources's Total Stockholders Equity for the quarter that ended in Nov. 2024 was €10.32 Mil. Route 109 Resources's debt to equity for the quarter that ended in Nov. 2024 was 0.01.

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:

STU:8M0' 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 8 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.

STU:8M0's Debt-to-Equity is ranked better than
99.92% of 1238 companies
in the Metals & Mining industry
Industry Median: 0.14 vs STU:8M0: 0.01

Route 109 Resources Debt-to-Equity Historical Data

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.

* Premium members only.

Route 109 Resources Debt-to-Equity Chart

Route 109 Resources Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Debt-to-Equity

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0.01

Route 109 Resources Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	0.02	0.01	0.01

Competitive Comparison of Route 109 Resources's Debt-to-Equity

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's Debt-to-Equity Distribution in the 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.

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Route 109 Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Route 109 Resources's Debt to Equity Ratio for the fiscal year that ended in Aug. 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	+	0.114)	/	10.219
	=	0.01

Route 109 Resources's Debt to Equity Ratio for the quarter that ended in Nov. 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	+	0.121)	/	10.319
	=	0.01

Route 109 Resources (STU:8M0) 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.

Route 109 Resources Debt-to-Equity Related Terms

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Route 109 Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Route 109 Resources Inc (STU:8M0) » Definitions » Debt-to-Equity

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RTE:Canada

Address

1177 W. Hastings Street, Suite 2700, Vancouver, BC, CAN, V6E 2K3

Website

https://www.route109resources.com

Route 109 Resources Inc is a Canadian exploration company with two historical high-grade assets in Quebec. Currently, it is Exploring for Copper and Gold in Quebec. The Dunlop Bay property has 76 contiguous mineral claims that cover 4,226 hectares, and the King Tut property has 120 contiguous mineral claims that cover 5,206 hectares.

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