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First Helium (TSXV:HELI) Debt-to-Equity : 0.00 (As of Sep. 2024)


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What is First Helium Debt-to-Equity?

First Helium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.02 Mil. First Helium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. First Helium's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$13.02 Mil. First Helium's debt to equity for the quarter that ended in Sep. 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 First Helium's Debt-to-Equity or its related term are showing as below:

During the past 5 years, the highest Debt-to-Equity Ratio of First Helium was 1.59. The lowest was 0.00. And the median was 0.01.

TSXV:HELI's Debt-to-Equity is not ranked *
in the Chemicals industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

First Helium Debt-to-Equity Historical Data

The historical data trend for First Helium'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.

First Helium Debt-to-Equity Chart

First Helium Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
1.59 0.21 - 0.01 -

First Helium Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.01 0.01 - - -

Competitive Comparison of First Helium's Debt-to-Equity

For the Chemicals subindustry, First Helium'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.


First Helium's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, First Helium's Debt-to-Equity distribution charts can be found below:

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



First Helium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Helium's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

First Helium's Debt to Equity Ratio for the quarter that ended in Sep. 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.


First Helium  (TSXV:HELI) 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.


First Helium Debt-to-Equity Related Terms

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


First Helium Business Description

Traded in Other Exchanges
Address
800 West Pender Street, Suite 550, Vancouver, BC, CAN, V6C 2V6
First Helium Inc is a Canadian company. The business is engaged in acquiring, exploring, evaluating, and developing helium property interests in Alberta. The company also produces Petroleum and natural gas as part of its operations. Its project includes the Worsley project and the Lethbridge project.
Executives
Robert James Scott Director
Edward Joseph Bereznicki Director, Senior Officer
David Safton Senior Officer

First Helium Headlines

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