Ares Strategic Mining (XCNQ:ARS) Debt-to-Equity : 1.59 (As of Mar. 2024)

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What is Ares Strategic Mining Debt-to-Equity?

Ares Strategic Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$3.00 Mil. Ares Strategic Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$15.74 Mil. Ares Strategic Mining's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$11.78 Mil. Ares Strategic Mining's debt to equity for the quarter that ended in Mar. 2024 was 1.59.

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

XCNQ:ARS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 1.59
Current: 1.59

During the past 13 years, the highest Debt-to-Equity Ratio of Ares Strategic Mining was 1.59. The lowest was 0.00. And the median was 0.08.

XCNQ:ARS's Debt-to-Equity is ranked worse than
92.98% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:ARS: 1.59

Ares Strategic Mining Debt-to-Equity Historical Data

The historical data trend for Ares Strategic 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.

Ares Strategic Mining Debt-to-Equity Chart

Ares Strategic Mining Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.10

0.01

0.18

0.02

0.58

Ares Strategic Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.47	0.45	0.58	1.45	1.59

Competitive Comparison of Ares Strategic Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Ares Strategic 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.

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

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

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

Ares Strategic Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ares Strategic Mining's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(1.922	+	4.679)	/	11.442
	=	0.58

Ares Strategic Mining's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(3	+	15.738)	/	11.78
	=	1.59

Ares Strategic Mining (XCNQ:ARS) 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.

Ares Strategic Mining Debt-to-Equity Related Terms

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Ares Strategic Mining (XCNQ:ARS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ares Strategic Mining Inc (XCNQ:ARS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ARSMF:USA N8I:Germany

Address

409 Granville Street, Suite 1001, Vancouver, BC, CAN, V6C 1T2

Website

https://www.aresmining.com

Ares Strategic Mining Inc is a junior natural resource mining company. The Company has one reportable segment, being the acquisition, exploration, and development of resource properties. It is engaged in the acquisition and exploration of lithium resource properties. Its projects include Lost Sheep, Vanadium Ridge Property, and Liard Property.

Executives

James Walker

Director, Senior Officer

Ares Strategic Mining (XCNQ:ARS) Headlines

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