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Vertical Exploration (TSXV:VERT) Debt-to-Equity : 0.00 (As of Nov. 2023)


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What is Vertical Exploration Debt-to-Equity?

Vertical Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.00 Mil. Vertical Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.00 Mil. Vertical Exploration's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$5.21 Mil. Vertical Exploration's debt to equity for the quarter that ended in Nov. 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 Vertical Exploration's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Vertical Exploration was 0.10. The lowest was -0.17. And the median was -0.12.

TSXV:VERT'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.

Vertical Exploration Debt-to-Equity Historical Data

The historical data trend for Vertical Exploration'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.

Vertical Exploration Debt-to-Equity Chart

Vertical Exploration Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Debt-to-Equity
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Vertical Exploration Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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Competitive Comparison of Vertical Exploration's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Vertical Exploration'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.


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

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

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



Vertical Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vertical Exploration's Debt to Equity Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Vertical Exploration's Debt to Equity Ratio for the quarter that ended in Nov. 2023 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.


Vertical Exploration  (TSXV:VERT) 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.


Vertical Exploration Debt-to-Equity Related Terms

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


Vertical Exploration (TSXV:VERT) Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6C 1H2
Vertical Exploration Inc is a junior mining company. It is engaged in the acquisition, exploration development, and evaluation of mineral properties in Canada. It has one project namely, St. Onge Wollastonite is located in Quebec, Canada.
Executives
Ernest Brisbane Director

Vertical Exploration (TSXV:VERT) Headlines

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