CleanTech Vanadium Mining (TSXV:CTV) Debt-to-Equity : 0.28 (As of Sep. 2024)

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What is CleanTech Vanadium Mining Debt-to-Equity?

CleanTech Vanadium Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$3.75 Mil. CleanTech Vanadium Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. CleanTech Vanadium Mining's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$13.45 Mil. CleanTech Vanadium Mining's debt to equity for the quarter that ended in Sep. 2024 was 0.28.

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 CleanTech Vanadium Mining's Debt-to-Equity or its related term are showing as below:

TSXV:CTV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.28 Max: 0.28
Current: 0.28

During the past 2 years, the highest Debt-to-Equity Ratio of CleanTech Vanadium Mining was 0.28. The lowest was 0.28. And the median was 0.28.

TSXV:CTV's Debt-to-Equity is ranked worse than
63.86% of 1245 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:CTV: 0.28

CleanTech Vanadium Mining Debt-to-Equity Historical Data

The historical data trend for CleanTech Vanadium Mining'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.

CleanTech Vanadium Mining Debt-to-Equity Chart

CleanTech Vanadium Mining Annual Data

Trend

Dec21

Mar24

Debt-to-Equity

CleanTech Vanadium Mining Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial						-	-	-	-	0.28

Competitive Comparison of CleanTech Vanadium Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, CleanTech Vanadium Mining'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.

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

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

* The bar in red indicates where CleanTech Vanadium Mining's Debt-to-Equity falls into.

CleanTech Vanadium Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CleanTech Vanadium Mining's Debt to Equity Ratio for the fiscal year 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
	=	(0	+	0)	/	22.717
	=	0.00

CleanTech Vanadium Mining's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3.747	+	0)	/	13.447
	=	0.28

CleanTech Vanadium Mining (TSXV:CTV) 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.

CleanTech Vanadium Mining Debt-to-Equity Related Terms

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