ProAm Explorations (TSXV:PMX) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is ProAm Explorations Debt-to-Equity?

ProAm Explorations's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.05 Mil. ProAm Explorations's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. ProAm Explorations's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.50 Mil. ProAm Explorations's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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 ProAm Explorations's Debt-to-Equity or its related term are showing as below:

TSXV:PMX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.07 Max: 0.1
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of ProAm Explorations was 0.10. The lowest was 0.05. And the median was 0.07.

TSXV:PMX's Debt-to-Equity is ranked better than
86.83% of 835 companies
in the Oil & Gas industry
Industry Median: 0.45 vs TSXV:PMX: 0.10

ProAm Explorations Debt-to-Equity Historical Data

The historical data trend for ProAm Explorations'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.

ProAm Explorations Debt-to-Equity Chart

ProAm Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.06

0.07

0.10

ProAm Explorations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.07	0.07	0.07	0.10

Competitive Comparison of ProAm Explorations's Debt-to-Equity

For the Oil & Gas E&P subindustry, ProAm Explorations'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.

ProAm Explorations's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ProAm Explorations's Debt-to-Equity distribution charts can be found below:

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

ProAm Explorations Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ProAm Explorations'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
	=	(0.049	+	0)	/	0.497
	=	0.10

ProAm Explorations's Debt to Equity Ratio for the quarter 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
	=	(0.049	+	0)	/	0.497
	=	0.10

ProAm Explorations (TSXV:PMX) 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.

ProAm Explorations Debt-to-Equity Related Terms

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

ProAm Explorations (TSXV:PMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProAm Explorations Corp (TSXV:PMX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

867 West 3rd Street, North Vancouver, Vancouver, BC, CAN, V7P 1E2

Website

ProAm Explorations Corp is a junior mineral and oil and natural gas exploration and development company. It operates in Canada and the United States. Mineral exploration is focused in the USA Canada while little oil and natural gas activity has been pursued. The company is a junior exploration company putting its emphasis on mineral properties as economic conditions in natural gas markets have been unsettled. It has a single operating segment the acquisition, exploration and development of resource properties.

Executives

Glencoe-macdonald Holdings Ltd.	10% Security Holder
Donald Leo Macdonald	Senior Officer
Macdonald Maureen	Director or Senior Officer of 10% Security Holder