SRQ Resources (TSXV:SRQ) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is SRQ Resources Debt-to-Equity?

SRQ Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.04 Mil. SRQ Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.02 Mil. SRQ Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$1.71 Mil. SRQ Resources's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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 SRQ Resources's Debt-to-Equity or its related term are showing as below:

TSXV:SRQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.04 Max: 0.04
Current: 0.03

During the past 3 years, the highest Debt-to-Equity Ratio of SRQ Resources was 0.04. The lowest was 0.03. And the median was 0.04.

TSXV:SRQ's Debt-to-Equity is ranked better than
75.95% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:SRQ: 0.03

SRQ Resources Debt-to-Equity Historical Data

The historical data trend for SRQ 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.

SRQ Resources Debt-to-Equity Chart

SRQ Resources Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.04

SRQ Resources Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			N/A	-	-	0.04	0.03

Competitive Comparison of SRQ Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, SRQ 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.

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

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

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

SRQ Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SRQ Resources'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
	=	(0.048	+	0.027)	/	2.02
	=	0.04

SRQ Resources'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
	=	(0.038	+	0.018)	/	1.714
	=	0.03

SRQ Resources (TSXV:SRQ) 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.

SRQ Resources Debt-to-Equity Related Terms

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

SRQ Resources (TSXV:SRQ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SRQRF:USA

Address

1320 Graham Ville, Suite 132, Montreal, QC, CAN, H3P 3C8

Website

SRQ Resources Inc is a mineral exploration and development company. SRQ is focused on the creation of a North American nickel power play, notably with the Lac Brule property in Quebec. The company owns a total of 525 exploration claims in the province of Quebec, Canada, related to different properties. The company's properties include The Lac Brule property, The Lac Brennan property, The Lac Jim property, The Lac Picanoc property, and The Lac Montmord property.

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