Canasil Resources (TSXV:CLZ.H) Debt-to-Equity : -0.45 (As of Jun. 2023)

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What is Canasil Resources Debt-to-Equity?

Canasil Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.20 Mil. Canasil Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.00 Mil. Canasil Resources's Total Stockholders Equity for the quarter that ended in Jun. 2023 was C$-0.45 Mil. Canasil Resources's debt to equity for the quarter that ended in Jun. 2023 was -0.45.

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

TSXV:CLZ.H' s Debt-to-Equity Range Over the Past 10 Years
Min: -25.25 Med: 0.05 Max: 0.09
Current: -0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Canasil Resources was 0.09. The lowest was -25.25. And the median was 0.05.

TSXV:CLZ.H's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:CLZ.H: -0.45

Canasil Resources Debt-to-Equity Historical Data

The historical data trend for Canasil 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.

Canasil Resources Debt-to-Equity Chart

Canasil Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.09

0.03

Canasil Resources Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-0.45

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

For the Other Industrial Metals & Mining subindustry, Canasil 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.

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

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

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

Canasil Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canasil Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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)	/	-0.08
	=	0.00

Canasil Resources's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.2	+	0)	/	-0.446
	=	-0.45

Canasil Resources (TSXV:CLZ.H) 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.

Canasil Resources Debt-to-Equity Related Terms

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

Canasil Resources (TSXV:CLZ.H) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CNSUF:USA 3CC:Germany

Address

750 West Pender Street, Suite 1760, Vancouver, BC, CAN, V6C 2T8

Website

https://www.canasil.com

Canasil Resources Inc is a mining and mineral exploration company. It has a portfolio of precious and base metal exploration projects. The Company currently operates in only one operating segment, that being the mineral exploration industry. The company operates in the geographical areas of Canada and Mexico. It holds mineral interests in the La Esperanza project, Salamandra project, Nora project and others.

Canasil Resources (TSXV:CLZ.H) Headlines

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