Nio Strategic Metals (TSXV:NIO) Debt-to-Equity : 0.42 (As of Mar. 2024)

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What is Nio Strategic Metals Debt-to-Equity?

Nio Strategic Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.50 Mil. Nio Strategic Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Nio Strategic Metals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$1.20 Mil. Nio Strategic Metals's debt to equity for the quarter that ended in Mar. 2024 was 0.42.

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

TSXV:NIO' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.92 Med: 0.23 Max: 0.58
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Nio Strategic Metals was 0.58. The lowest was -1.92. And the median was 0.23.

TSXV:NIO's Debt-to-Equity is ranked worse than
70.77% of 1307 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:NIO: 0.42

Nio Strategic Metals Debt-to-Equity Historical Data

The historical data trend for Nio Strategic 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.

Nio Strategic Metals Debt-to-Equity Chart

Nio Strategic Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.91

-0.81

-1.92

0.36

0.38

Nio Strategic Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.40	0.36	0.53	0.38	0.42

Competitive Comparison of Nio Strategic Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Nio Strategic 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.

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

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

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

Nio Strategic Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nio Strategic Metals'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
	=	(0.5	+	0)	/	1.301
	=	0.38

Nio Strategic Metals'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
	=	(0.5	+	0)	/	1.195
	=	0.42

Nio Strategic Metals (TSXV:NIO) 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.

Nio Strategic Metals Debt-to-Equity Related Terms

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

Nio Strategic Metals (TSXV:NIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nio Strategic Metals Inc (TSXV:NIO) » Definitions » Debt-to-Equity

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NIOCF:USA

Address

1, Place Ville-Marie, Suite 1670, Montreal, QC, CAN, H3B 2B6

Website

https://www.niostratmet.com

Nio Strategic Metals Inc is a development-stage exploration company based in Canada. The principal business activity of the company is mineral exploration and development properties in the province of Quebec. It owns an interest in Oka Niobium Project and Great Whale Iron Project.

Executives