Tocvan Ventures (STU:TV3) Debt-to-Equity : 0.12 (As of May. 2024)

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What is Tocvan Ventures Debt-to-Equity?

Tocvan Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was €0.56 Mil. Tocvan Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was €0.00 Mil. Tocvan Ventures's Total Stockholders Equity for the quarter that ended in May. 2024 was €4.74 Mil. Tocvan Ventures's debt to equity for the quarter that ended in May. 2024 was 0.12.

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 Tocvan Ventures's Debt-to-Equity or its related term are showing as below:

STU:TV3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.36 Max: 0.54
Current: 0.12

During the past 6 years, the highest Debt-to-Equity Ratio of Tocvan Ventures was 0.54. The lowest was 0.11. And the median was 0.36.

STU:TV3's Debt-to-Equity is ranked better than
52.04% of 1253 companies
in the Metals & Mining industry
Industry Median: 0.13 vs STU:TV3: 0.12

Tocvan Ventures Debt-to-Equity Historical Data

The historical data trend for Tocvan Ventures'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.

Tocvan Ventures Debt-to-Equity Chart

Tocvan Ventures Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.54

0.46

Tocvan Ventures Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Debt-to-Equity	Get a 7-Day Free Trial															0.44	0.46	0.21	0.11	0.12

Competitive Comparison of Tocvan Ventures's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Tocvan Ventures'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.

Tocvan Ventures's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Tocvan Ventures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tocvan Ventures'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
	=	(1.332	+	0)	/	2.912
	=	0.46

Tocvan Ventures's Debt to Equity Ratio for the quarter that ended in May. 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
	=	(0.564	+	0)	/	4.738
	=	0.12

Tocvan Ventures (STU:TV3) 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.

Tocvan Ventures Debt-to-Equity Related Terms

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Tocvan Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tocvan Ventures Corp (STU:TV3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TCVNF:USA TV3:Germany TOC:Canada

Address

1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://www.tocvan.com

Tocvan Ventures Corp is engaged in the evaluation, acquisition, and exploration of mineral resource properties. The firm's projects includes, El Picacho and Pilar Gold Project.

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