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Niobay Metals (TSXV:NBY) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is Niobay Metals Debt-to-Equity?

Niobay Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Niobay Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Niobay Metals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$4.22 Mil. Niobay Metals'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 Niobay Metals's Debt-to-Equity or its related term are showing as below:

TSXV:NBY's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Niobay Metals Debt-to-Equity Historical Data

The historical data trend for Niobay 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.

* Premium members only.

Niobay Metals Debt-to-Equity Chart

Niobay Metals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
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Niobay Metals Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Niobay Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Niobay 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.


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

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

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



Niobay Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Niobay Metals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Niobay Metals's Debt to Equity Ratio for the quarter that ended in Mar. 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.


Niobay Metals  (TSXV:NBY) 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.


Niobay Metals Debt-to-Equity Related Terms

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


Niobay Metals (TSXV:NBY) Business Description

Traded in Other Exchanges
Address
1 Place Ville-Marie, Suite 4000, 40th Floor, Claude Dufresne, Montreal, QC, CAN, H3B 4M4
Niobay Metals Inc is engaged in the acquisition, exploration, and evaluation of mineral properties. Its project includes the James Bay Niobium Project located in northern Ontario, Canada. Its other projects include the Crevier niobium and tantalum project.
Executives
Claude Dufresne Director, Senior Officer