Electric Metals (TSXV:EML) Debt-to-Equity : 0.01 (As of Sep. 2023)

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What is Electric Metals Debt-to-Equity?

Electric Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Electric Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.11 Mil. Electric Metals's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$14.45 Mil. Electric Metals's debt to equity for the quarter that ended in Sep. 2023 was 0.01.

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 Electric Metals's Debt-to-Equity or its related term are showing as below:

TSXV:EML' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.1
Current: 0.01

During the past 2 years, the highest Debt-to-Equity Ratio of Electric Metals was 0.10. The lowest was 0.01. And the median was 0.03.

TSXV:EML's Debt-to-Equity is ranked better than
99.92% of 1316 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:EML: 0.01

Electric Metals Debt-to-Equity Historical Data

The historical data trend for Electric Metals'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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Electric Metals Debt-to-Equity Chart

Electric Metals Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.08

0.03

Electric Metals Quarterly Data
	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial							0.03	0.03	0.02	0.02	0.01

Competitive Comparison of Electric Metals's Debt-to-Equity

For the Silver subindustry, Electric Metals'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.

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

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

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

Electric Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Electric Metals'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
	=	(0.19	+	0)	/	5.713
	=	0.03

Electric Metals's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	0.107)	/	14.445
	=	0.01

Electric Metals (TSXV:EML) 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.

Electric Metals Debt-to-Equity Related Terms

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

Electric Metals (TSXV:EML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electric Metals (USA) Ltd (TSXV:EML) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

EMUSF:USA

Address

365 Bay Street, Suite 800, Toronto, ON, CAN, M5H 2V1

Website

https://www.electricmetals.com

Electric Metals (USA) Ltd is a U.S.-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy. The Company's principal asset is the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, including a National Instrument 43-101 Technical Report - Resource Estimate, with over US$26 million invested to date. The Company's mission in Minnesota is to become a domestic U.S. producer of high-purity, high-value manganese metal and chemical products for supply to U.S. energy, technology and industrial markets. With manganese plays a critical and prominent role in lithium-ion battery formulations, and with no current domestic supply or active mines for manganese in North America.