Tectonic Metals (TSXV:TECT) Debt-to-Equity : 0.00 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Tectonic Metals Debt-to-Equity?

Tectonic Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Tectonic Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Tectonic Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$2.65 Mil. Tectonic Metals's debt to equity for the quarter that ended in Dec. 2023 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 Tectonic Metals's Debt-to-Equity or its related term are showing as below:

During the past 6 years, the highest Debt-to-Equity Ratio of Tectonic Metals was 0.02. The lowest was 0.00. And the median was 0.01.

TSXV:TECT'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.

Tectonic Metals Debt-to-Equity Historical Data

The historical data trend for Tectonic 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.

Tectonic Metals Debt-to-Equity Chart

Tectonic Metals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.01

0.02

Tectonic Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.02	-	-	-	-

Competitive Comparison of Tectonic Metals's Debt-to-Equity

For the Gold subindustry, Tectonic 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.

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

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

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

Tectonic Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tectonic 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	+	0)	/	2.648
	=	0.00

Tectonic Metals'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	+	0)	/	2.648
	=	0.00

Tectonic Metals (TSXV:TECT) 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.

Tectonic Metals Debt-to-Equity Related Terms

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

Tectonic Metals (TSXV:TECT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TETOF:USA T15B:Germany

Address

744 West Hastings Street, Suite 312, Vancouver, BC, CAN, V6C 1A5

Website

https://www.tectonicmetals.com

Tectonic Metals Inc is a mineral exploration company engaged, in the identification, acquisition and exploration of mineral properties in the State of Alaska. The company's exploration is focused on discovering and delineating gold resources. Its properties portfolio includes the Tibbs Property; the Seventymile Property; the Maple Leaf property and the Northway Property.

Executives

Mel Edward Benson

Director

Tectonic Metals (TSXV:TECT) Headlines

No Headlines