Torq Resources (Torq Resources) Debt-to-Equity : 1.53 (As of Mar. 2024)

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What is Torq Resources Debt-to-Equity?

Torq Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Torq Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.51 Mil. Torq Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $0.99 Mil. Torq Resources's debt to equity for the quarter that ended in Mar. 2024 was 1.53.

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 Torq Resources's Debt-to-Equity or its related term are showing as below:

TRBMF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.47 Med: 0.16 Max: 1.9
Current: 1.53

During the past 13 years, the highest Debt-to-Equity Ratio of Torq Resources was 1.90. The lowest was -1.47. And the median was 0.16.

TRBMF's Debt-to-Equity is ranked worse than
92.61% of 1313 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TRBMF: 1.53

Torq Resources Debt-to-Equity Historical Data

The historical data trend for Torq 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.

Torq Resources Debt-to-Equity Chart

Torq Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

1.90

Torq Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.15	0.60	1.90	1.53

Competitive Comparison of Torq Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Torq 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.

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

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

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

Torq Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Torq Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 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	+	1.468)	/	0.774
	=	1.90

Torq Resources's Debt to Equity Ratio for the quarter that ended in Mar. 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	+	1.509)	/	0.988
	=	1.53

Torq Resources (OTCPK:TRBMF) 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.

Torq Resources Debt-to-Equity Related Terms

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Torq Resources (Torq Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Torq Resources Inc (OTCPK:TRBMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

S8QN:Germany S8QN:Germany TORQ:Canada

Address

1177 West Hastings Street, Suite 1630, Vancouver, BC, CAN, V6E 2K3

Website

https://www.torqresources.com

Torq Resources Inc is a copper and gold exploration company with a portfolio of premium holdings in Chile. Its projects include Santa Cecilia gold-copper project, Margarita iron-oxide copper-gold project, and the Andrea copper porphyry project.