Battery Mineral Resources (TSXV:BMR) Debt-to-Equity : 0.79 (As of Mar. 2024)

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What is Battery Mineral Resources Debt-to-Equity?

Battery Mineral Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.45 Mil. Battery Mineral Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$34.12 Mil. Battery Mineral Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$45.16 Mil. Battery Mineral Resources's debt to equity for the quarter that ended in Mar. 2024 was 0.79.

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

TSXV:BMR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.26 Max: 0.79
Current: 0.79

During the past 5 years, the highest Debt-to-Equity Ratio of Battery Mineral Resources was 0.79. The lowest was 0.08. And the median was 0.26.

TSXV:BMR's Debt-to-Equity is ranked worse than
83.32% of 1307 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:BMR: 0.79

Battery Mineral Resources Debt-to-Equity Historical Data

The historical data trend for Battery Mineral 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.

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Battery Mineral Resources Debt-to-Equity Chart

Battery Mineral Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.08

0.26

0.55

Battery Mineral Resources Quarterly Data
	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												0.26	0.29	0.44	0.55	0.79

Competitive Comparison of Battery Mineral Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Battery Mineral 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.

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

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

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

Battery Mineral Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Battery Mineral 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
	=	(1.055	+	27.732)	/	52.086
	=	0.55

Battery Mineral 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
	=	(1.45	+	34.118)	/	45.155
	=	0.79

Battery Mineral Resources (TSXV:BMR) 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.

Battery Mineral Resources Debt-to-Equity Related Terms

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Battery Mineral Resources (TSXV:BMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Battery Mineral Resources Corp (TSXV:BMR) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

BTRMF:USA

Address

1040 West Georgia Street, Suite 1900, Vancouver, BC, CAN, V6E 4H3

Website

https://www.bmrcorp.com

Battery Mineral Resources Corp is a multi-commodity resource company. It holds resource interests including copper, cobalt, lithium, and graphite properties. The company is engaged in the discovery, acquisition and development of battery metals and precious metals mining projects in Canada with additional cobalt, lithium and graphite projects in the United States and South Korea.

Executives