Transforma Resources (TSXV:TFM) Debt-to-Equity : -1.26 (As of Sep. 2023)

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What is Transforma Resources Debt-to-Equity?

Transforma Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.24 Mil. Transforma Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Transforma Resources's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-0.19 Mil. Transforma Resources's debt to equity for the quarter that ended in Sep. 2023 was -1.26.

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

TSXV:TFM' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.45 Med: -0.11 Max: -0.07
Current: -1.26

During the past 13 years, the highest Debt-to-Equity Ratio of Transforma Resources was -0.07. The lowest was -1.45. And the median was -0.11.

TSXV:TFM's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:TFM: -1.26

Transforma Resources Debt-to-Equity Historical Data

The historical data trend for Transforma 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.

Transforma Resources Debt-to-Equity Chart

Transforma Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

-0.07

-0.09

-0.83

Transforma Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-1.03	-0.83	-1.07	-1.45	-1.26

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

For the Copper subindustry, Transforma 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.

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

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

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

Transforma Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Transforma Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.224	+	0)	/	-0.27
	=	-0.83

Transforma Resources's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.235	+	0)	/	-0.186
	=	-1.26

Transforma Resources (TSXV:TFM) 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.

Transforma Resources Debt-to-Equity Related Terms

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Transforma Resources (TSXV:TFM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CFV0:Germany

Address

8080 Cambie Road, Suite 309, Richmond, BC, CAN, V6X 0C1

Website

https://www.transformacorp.com

Transforma Resources Corp is a mining company. It is engaged in the exploration of mineral properties. The company holds interests in exploration properties in British Columbia, Canada. Its properties include Thunder Copper Claims. It operates in one operating segment in one geographic region being the Acquisition and Exploration of Mineral Properties in Canada.