South Pacific Metals (TSXV:SPMC) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is South Pacific Metals Debt-to-Equity?

South Pacific Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. South Pacific Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. South Pacific Metals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$12.67 Mil. South Pacific 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 South Pacific Metals's Debt-to-Equity or its related term are showing as below:

TSXV:SPMC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.15 Max: 0.16
Current: 0.14

During the past 3 years, the highest Debt-to-Equity Ratio of South Pacific Metals was 0.16. The lowest was 0.09. And the median was 0.15.

TSXV:SPMC's Debt-to-Equity is ranked worse than
50.65% of 1307 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:SPMC: 0.14

South Pacific Metals Debt-to-Equity Historical Data

The historical data trend for South Pacific 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.

South Pacific Metals Debt-to-Equity Chart

South Pacific Metals Annual Data

Trend

Nov20

Dec22

Dec23

Debt-to-Equity

0.16

South Pacific Metals Quarterly Data
	Feb20	Jun20	Nov20	Feb21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										-	0.09	0.15	0.16	-

Competitive Comparison of South Pacific Metals's Debt-to-Equity

For the Gold subindustry, South Pacific 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.

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

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

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

South Pacific Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

South Pacific 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
	=	(0.773	+	0.938)	/	11.029
	=	0.16

South Pacific 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	+	0)	/	12.668
	=	0.00

South Pacific Metals (TSXV:SPMC) 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.

South Pacific Metals Debt-to-Equity Related Terms

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

South Pacific Metals (TSXV:SPMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South Pacific Metals Corp (TSXV:SPMC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KRLCF:USA 6J0:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.kainanturesources.com

Kainantu Resources Ltd is an Asia-Pacific-focused gold mining company engaged in the acquisition, exploration and development of exploration and evaluation assets in PNG. Its projects are KRL North and South and May River project. It has one operating segment which is the acquisition, exploration and development of exploration and evaluation assets in PNG.

South Pacific Metals (TSXV:SPMC) Headlines

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