AFR NuVenture Resources (TSXV:AFR) Debt-to-Equity : 0.00 (As of Nov. 2024)

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What is AFR NuVenture Resources Debt-to-Equity?

AFR NuVenture Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was C$0.00 Mil. AFR NuVenture Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was C$0.00 Mil. AFR NuVenture Resources's Total Stockholders Equity for the quarter that ended in Nov. 2024 was C$-0.16 Mil. AFR NuVenture Resources's debt to equity for the quarter that ended in Nov. 2024 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of AFR NuVenture Resources was 0.62. The lowest was -1.31. And the median was -1.12.

TSXV:AFR's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

AFR NuVenture Resources Debt-to-Equity Historical Data

The historical data trend for AFR NuVenture 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.

AFR NuVenture Resources Debt-to-Equity Chart

AFR NuVenture Resources Annual Data

Trend

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May24

Debt-to-Equity

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AFR NuVenture 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															-	-	-	-	-

Competitive Comparison of AFR NuVenture Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, AFR NuVenture 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.

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

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

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

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AFR NuVenture Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AFR NuVenture Resources's Debt to Equity Ratio for the fiscal year 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	+	0)	/	0.026
	=	0.00

AFR NuVenture 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)	/	-0.16
	=	0.00

AFR NuVenture Resources (TSXV:AFR) 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.

AFR NuVenture Resources Debt-to-Equity Related Terms

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AFR NuVenture Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AFR NuVenture Resources Inc (TSXV:AFR) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

925 West Georgia Street, Suite 1600, Vancouver, BC, CAN, V6C 3L2

Website

https://www.afrnuventure.com

AFR NuVenture Resources Inc is an exploration stage company. It is engaged in the exploration and evaluation of assets. The Company operates in one reportable segment, which is the exploration and evaluation of mineral assets in North America. The company's project includes the New Brunswick project and the silver bell-st. Lawrence mineral exploration project.

AFR NuVenture Resources Headlines

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