Archon Minerals (TSXV:ACS) Debt-to-Equity : -4.16 (As of Feb. 2024)

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What is Archon Minerals Debt-to-Equity?

Archon Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$8.00 Mil. Archon Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Archon Minerals's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$-1.92 Mil. Archon Minerals's debt to equity for the quarter that ended in Feb. 2024 was -4.16.

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 Archon Minerals's Debt-to-Equity or its related term are showing as below:

TSXV:ACS' s Debt-to-Equity Range Over the Past 10 Years
Min: -210.53 Med: -5.86 Max: 222.48
Current: -4.16

During the past 13 years, the highest Debt-to-Equity Ratio of Archon Minerals was 222.48. The lowest was -210.53. And the median was -5.86.

TSXV:ACS's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:ACS: -4.16

Archon Minerals Debt-to-Equity Historical Data

The historical data trend for Archon Minerals'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.

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Archon Minerals Debt-to-Equity Chart

Archon Minerals Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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-9.55

37.21

-22.04

-8.61

-5.35

Archon Minerals Quarterly Data
	May19	Aug19	Nov19	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															-5.92	-5.35	-4.88	-4.49	-4.16

Competitive Comparison of Archon Minerals's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Archon Minerals'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.

Archon Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Archon Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Archon Minerals's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(8	+	0)	/	-1.496
	=	-5.35

Archon Minerals'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
	=	(8	+	0)	/	-1.922
	=	-4.16

Archon Minerals (TSXV:ACS) 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.

Archon Minerals Debt-to-Equity Related Terms

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Archon Minerals (TSXV:ACS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Archon Minerals Ltd (TSXV:ACS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

323 Jervis Street, Suite 2801, Vancouver, BC, CAN, V6P 3P8

Website

Archon Minerals Ltd is a Canadian based company. It's engaged in mining and exploration of precious stone and metals. The company's primary focus is on the exploration of Diamonds from its Buffer zone project, WO block project and Monument diamond project. The company does not generate cash flows from operations to fund its activities and therefore relies upon the issuance of securities for financing.

Archon Minerals (TSXV:ACS) Headlines

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