West High Yield (W.H.Y.) Resources (TSXV:WHY) Debt-to-Equity : -0.94 (As of Dec. 2024)

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What is West High Yield (W.H.Y.) Resources Debt-to-Equity?

West High Yield (W.H.Y.) Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$5.83 Mil. West High Yield (W.H.Y.) Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.00 Mil. West High Yield (W.H.Y.) Resources's Total Stockholders Equity for the quarter that ended in Dec. 2024 was C$-6.23 Mil. West High Yield (W.H.Y.) Resources's debt to equity for the quarter that ended in Dec. 2024 was -0.94.

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 West High Yield (W.H.Y.) Resources's Debt-to-Equity or its related term are showing as below:

TSXV:WHY' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.5 Med: -0.94 Max: -0.1
Current: -0.94

During the past 13 years, the highest Debt-to-Equity Ratio of West High Yield (W.H.Y.) Resources was -0.10. The lowest was -1.50. And the median was -0.94.

TSXV:WHY's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.14 vs TSXV:WHY: -0.94

West High Yield (W.H.Y.) Resources Debt-to-Equity Historical Data

The historical data trend for West High Yield (W.H.Y.) 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.

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West High Yield (W.H.Y.) Resources Debt-to-Equity Chart

West High Yield (W.H.Y.) Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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-0.86

-1.50

-1.25

-0.95

-0.94

West High Yield (W.H.Y.) Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															-0.95	-0.97	-0.93	-0.88	-0.94

Competitive Comparison of West High Yield (W.H.Y.) Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, West High Yield (W.H.Y.) 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.

West High Yield (W.H.Y.) Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, West High Yield (W.H.Y.) Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where West High Yield (W.H.Y.) Resources's Debt-to-Equity falls into.

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West High Yield (W.H.Y.) Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

West High Yield (W.H.Y.) Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(5.827	+	0)	/	-6.232
	=	-0.94

West High Yield (W.H.Y.) Resources's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(5.827	+	0)	/	-6.232
	=	-0.94

West High Yield (W.H.Y.) Resources (TSXV:WHY) 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.

West High Yield (W.H.Y.) Resources Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of West High Yield (W.H.Y.) Resources's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

West High Yield (W.H.Y.) Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West High Yield (W.H.Y.) Resources Ltd (TSXV:WHY) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

WHYRF:USA W0H:Germany

Address

110 Hamptons Landing North West, P.O.Box 68121, Calgary, AB, CAN, T3G 3N8

Website

http://www.whyresources.com

West High Yield (W.H.Y.) Resources Ltd is a mining exploration company. Its objective is to bring into production the greenest deposits of high-grade 99% magnesium purity. Magnesium can be used to make Magnesium Ingots/Electric Vehicles, Magnesium Batteries, Pharmaceuticals/Supplements, Magnesium Wall Board, Magnesium Cement, and Magnesium Nitrate Fertilizer.

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