Mink Ventures (TSXV:MINK) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Mink Ventures Debt-to-Equity?

Mink Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Mink Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Mink Ventures's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$0.16 Mil. Mink Ventures's debt to equity for the quarter that ended in Mar. 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 Mink Ventures's Debt-to-Equity or its related term are showing as below:

TSXV:MINK's Debt-to-Equity is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 0.125
* Ranked among companies with meaningful Debt-to-Equity only.

Mink Ventures Debt-to-Equity Historical Data

The historical data trend for Mink Ventures'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.

Mink Ventures Debt-to-Equity Chart

Mink Ventures Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

Mink Ventures Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Mink Ventures's Debt-to-Equity

For the Shell Companies subindustry, Mink Ventures'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.

Mink Ventures's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Mink Ventures's Debt-to-Equity distribution charts can be found below:

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

Mink Ventures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mink Ventures'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
	=	(0	+	0)	/	0.319
	=	0.00

Mink Ventures'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
	=	(0	+	0)	/	0.157
	=	0.00

Mink Ventures (TSXV:MINK) 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.

Mink Ventures Debt-to-Equity Related Terms

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

Mink Ventures (TSXV:MINK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mink Ventures Corp (TSXV:MINK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Wellington Street West, Suite 4100, Toronto, ON, CAN, M5K 1B7

Website

https://www.minkventures.com

Mink Ventures Corp is a Canadian mineral exploration company exploring battery metals (nickel, copper, cobalt) at its Montcalm project. The principal business of the company is the acquisition, exploration and development of mineral property interests in Canada.

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