Tombstone Exploration (Tombstone Exploration) Debt-to-Equity : 0.26 (As of Dec. 2021)

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What is Tombstone Exploration Debt-to-Equity?

Tombstone Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $0.58 Mil. Tombstone Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $0.00 Mil. Tombstone Exploration's Total Stockholders Equity for the quarter that ended in Dec. 2021 was $2.19 Mil. Tombstone Exploration's debt to equity for the quarter that ended in Dec. 2021 was 0.26.

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 Tombstone Exploration's Debt-to-Equity or its related term are showing as below:

TMBXF'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.

Tombstone Exploration Debt-to-Equity Historical Data

The historical data trend for Tombstone Exploration'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.

Tombstone Exploration Debt-to-Equity Chart

Tombstone Exploration Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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-0.01

-0.23

0.68

0.12

0.26

Tombstone Exploration Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21
Debt-to-Equity	Get a 7-Day Free Trial															-0.01	-0.23	0.68	0.12	0.26

Competitive Comparison of Tombstone Exploration's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Tombstone Exploration'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.

Tombstone Exploration's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Tombstone Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tombstone Exploration's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(0.578	+	0)	/	2.194
	=	0.26

Tombstone Exploration's Debt to Equity Ratio for the quarter that ended in Dec. 2021 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
	=	(0.578	+	0)	/	2.194
	=	0.26

Tombstone Exploration (OTCPK:TMBXF) 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.

Tombstone Exploration Debt-to-Equity Related Terms

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Tombstone Exploration (Tombstone Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tombstone Exploration Corp (OTCPK:TMBXF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6529 E. Friess Drive, Scottsdale, AZ, USA, 85254

Website

https://www.tombstonemining.com

Tombstone Exploration Corp is an exploration-stage mineral resource company. Its focus of operations has been to generate revenue from the production of silver and gold as well as additional base minerals such as copper, lead, and zinc. The company's objective is to produce metals and minerals below standard industry costs. It holds mineral rights to the Stardust mine located in Yuma County, Arizona. The company's projects include The Bonanza Project, The Tombstone Project, and the Stardust Project.