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Rockridge Resources (TSXV:ROCK) Debt-to-Equity : 0.00 (As of Jan. 2024)


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What is Rockridge Resources Debt-to-Equity?

Rockridge Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Rockridge Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Rockridge Resources's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$6.50 Mil. Rockridge Resources's debt to equity for the quarter that ended in Jan. 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 Rockridge Resources's Debt-to-Equity or its related term are showing as below:

TSXV:ROCK'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.

Rockridge Resources Debt-to-Equity Historical Data

The historical data trend for Rockridge Resources'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.

Rockridge Resources Debt-to-Equity Chart

Rockridge Resources Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
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Rockridge Resources Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of Rockridge Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Rockridge Resources'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.


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

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

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



Rockridge Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rockridge Resources's Debt to Equity Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Rockridge Resources's Debt to Equity Ratio for the quarter that ended in Jan. 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.


Rockridge Resources  (TSXV:ROCK) 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.


Rockridge Resources Debt-to-Equity Related Terms

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


Rockridge Resources (TSXV:ROCK) Business Description

Traded in Other Exchanges
Address
777 Dunsmuir Street, Suite 1610, Vancouver, BC, CAN, V7Y 1K4
Rockridge Resources Ltd is a junior exploration company. Its principal business activity is acquiring, exploring, and developing mineral properties. The company's project includes the Knife Lake Project in Saskatchewan and Raney Gold Project in northern Ontario.
Executives
Jordan Trimble Director, Senior Officer

Rockridge Resources (TSXV:ROCK) Headlines