Arctic Fox Lithium (XCNQ:AFX) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Arctic Fox Lithium Debt-to-Equity?

Arctic Fox Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.05 Mil. Arctic Fox Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Arctic Fox Lithium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1.08 Mil. Arctic Fox Lithium's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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 Arctic Fox Lithium's Debt-to-Equity or its related term are showing as below:

XCNQ:AFX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.31
Current: 0.05

During the past 4 years, the highest Debt-to-Equity Ratio of Arctic Fox Lithium was 0.31. The lowest was 0.01. And the median was 0.07.

XCNQ:AFX's Debt-to-Equity is ranked better than
66.28% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:AFX: 0.05

Arctic Fox Lithium Debt-to-Equity Historical Data

The historical data trend for Arctic Fox Lithium'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.

Arctic Fox Lithium Debt-to-Equity Chart

Arctic Fox Lithium Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.01

0.31

Arctic Fox Lithium Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										-	-	0.31	0.08	0.05

Competitive Comparison of Arctic Fox Lithium's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Arctic Fox Lithium'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.

Arctic Fox Lithium's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Arctic Fox Lithium's Debt-to-Equity falls into.

Arctic Fox Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Arctic Fox Lithium's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.216	+	0)	/	0.707
	=	0.31

Arctic Fox Lithium's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.049	+	0)	/	1.075
	=	0.05

Arctic Fox Lithium (XCNQ:AFX) 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.

Arctic Fox Lithium Debt-to-Equity Related Terms

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Arctic Fox Lithium (XCNQ:AFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arctic Fox Lithium Corp (XCNQ:AFX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

O5K:Germany

Address

1030 West Georgia Street, Suite 905, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.arcticfoxlithium.com

Arctic Fox Lithium Corp is a mineral exploration company. Its projects include Pontax North Lithium Project, Kana Lake Lithium Project, Delta Lake Lithium project and Spius copper property.

Executives

Harry Chew

10% Security Holder, Director, Senior Officer

Arctic Fox Lithium (XCNQ:AFX) Headlines

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