VDTAF (Vendetta Mining) Debt-to-Equity : 0.02 (As of Aug. 2024)

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What is Vendetta Mining Debt-to-Equity?

Vendetta Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $0.06 Mil. Vendetta Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $0.00 Mil. Vendetta Mining's Total Stockholders Equity for the quarter that ended in Aug. 2024 was $3.70 Mil. Vendetta Mining's debt to equity for the quarter that ended in Aug. 2024 was 0.02.

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 Vendetta Mining's Debt-to-Equity or its related term are showing as below:

VDTAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.84 Max: 1.72
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Vendetta Mining was 1.72. The lowest was 0.01. And the median was 0.84.

VDTAF's Debt-to-Equity is ranked better than
84.09% of 1251 companies
in the Metals & Mining industry
Industry Median: 0.13 vs VDTAF: 0.02

Vendetta Mining Debt-to-Equity Historical Data

The historical data trend for Vendetta Mining'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.

Vendetta Mining Debt-to-Equity Chart

Vendetta Mining Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Debt-to-Equity

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1.72

0.83

0.01

Vendetta Mining Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.02

Competitive Comparison of Vendetta Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Vendetta Mining'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.

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

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

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

Vendetta Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vendetta Mining's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(0.04	+	0)	/	3.814
	=	0.01

Vendetta Mining's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(0.063	+	0)	/	3.698
	=	0.02

Vendetta Mining (OTCPK:VDTAF) 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.

Vendetta Mining Debt-to-Equity Related Terms

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Vendetta Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vendetta Mining Corp (OTCPK:VDTAF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5V8:Germany VTT:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.vendettaminingcorp.com

Vendetta Mining Corp is an exploration stage company and engages principally in the acquisition and exploration of resource properties. It holds interest in the Pegmont property and Killer Bore Property located in Queensland, Australia.