Victory Battery Metals (Victory Battery Metals) Debt-to-Equity : 0.03 (As of Nov. 2023)

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What is Victory Battery Metals Debt-to-Equity?

Victory Battery Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.02 Mil. Victory Battery Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.03 Mil. Victory Battery Metals's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $1.83 Mil. Victory Battery Metals's debt to equity for the quarter that ended in Nov. 2023 was 0.03.

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 Victory Battery Metals's Debt-to-Equity or its related term are showing as below:

VRCFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.12
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Victory Battery Metals was 0.12. The lowest was 0.03. And the median was 0.05.

VRCFF's Debt-to-Equity is ranked better than
75.98% of 1307 companies
in the Metals & Mining industry
Industry Median: 0.13 vs VRCFF: 0.03

Victory Battery Metals Debt-to-Equity Historical Data

The historical data trend for Victory Battery 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.

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Victory Battery Metals Debt-to-Equity Chart

Victory Battery Metals Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.11

0.07

0.05

0.03

Victory Battery Metals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															0.05	0.03	0.03	0.03	0.03

Competitive Comparison of Victory Battery Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Victory Battery 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.

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

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

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

Victory Battery Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Victory Battery Metals's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(0.023	+	0.045)	/	2.469
	=	0.03

Victory Battery Metals's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.023	+	0.028)	/	1.829
	=	0.03

Victory Battery Metals (OTCPK:VRCFF) 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.

Victory Battery Metals Debt-to-Equity Related Terms

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Victory Battery Metals (Victory Battery Metals) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

VR60:Germany VR:Canada

Address

355 Burrard Street, Suite 1780, Vancouver, BC, CAN, V6C 2G8

Website

https://www.victorybatterymetals.com

Victory Battery Metals Corp is a Canadian mineral exploration company. The company operates through two segments namely Acquisition, Exploration, and Development of mineral properties and Administrative and Investing activities. Geographically, it operates in Canada and USA. Its projects portfolio includes Smokey Lithium, Mal-Wen, Loner Property, Hammond Reef South, Lac Simard, and Black Diablo.