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Azimut Exploration (TSXV:AZM) Debt-to-Equity : 0.00 (As of Feb. 2024)


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What is Azimut Exploration Debt-to-Equity?

Azimut Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.06 Mil. Azimut Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.02 Mil. Azimut Exploration's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$49.04 Mil. Azimut Exploration's debt to equity for the quarter that ended in Feb. 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 Azimut Exploration's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Azimut Exploration was 0.03. The lowest was 0.00. And the median was 0.00.

TSXV:AZM'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.

Azimut Exploration Debt-to-Equity Historical Data

The historical data trend for Azimut 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.

Azimut Exploration Debt-to-Equity Chart

Azimut Exploration Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.03 - - -

Azimut Exploration 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

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

For the Other Industrial Metals & Mining subindustry, Azimut 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.


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

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

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



Azimut Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Azimut Exploration's Debt to Equity Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Azimut Exploration's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as

* 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.


Azimut Exploration  (TSXV:AZM) 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.


Azimut Exploration Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Azimut Exploration's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Azimut Exploration (TSXV:AZM) Business Description

Traded in Other Exchanges
Address
110 Rue De La Barre, Bureau 224, Longueuil, QC, CAN, J4K 1A3
Azimut Exploration Inc is engaged in the acquisition, exploration, and evaluation of mineral properties. Its projects include Elmer property, JB lithium propety, Wabamisk property, Chromaska property and others in the James Bay region and Rex-Duquet, Nantais, Doran property and others in the Nunavik region of Quebec. It mainly explores gold, nickel, lithium, chromium and other minerals and metals.
Executives
Jonathan Rosset Senior Officer
Christiane Bergevin Director

Azimut Exploration (TSXV:AZM) Headlines

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