Crestview Exploration (XCNQ:CRS) Debt-to-Equity : 0.02 (As of Feb. 2024)

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What is Crestview Exploration Debt-to-Equity?

Crestview Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.03 Mil. Crestview Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Crestview Exploration's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$1.30 Mil. Crestview Exploration's debt to equity for the quarter that ended in Feb. 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 Crestview Exploration's Debt-to-Equity or its related term are showing as below:

XCNQ:CRS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.23
Current: 0.02

During the past 6 years, the highest Debt-to-Equity Ratio of Crestview Exploration was 0.23. The lowest was 0.01. And the median was 0.02.

XCNQ:CRS's Debt-to-Equity is ranked better than
82.94% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:CRS: 0.02

Crestview Exploration Debt-to-Equity Historical Data

The historical data trend for Crestview Exploration'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.

Crestview Exploration Debt-to-Equity Chart

Crestview Exploration Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.01

0.23

Crestview Exploration Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	0.02

Competitive Comparison of Crestview Exploration's Debt-to-Equity

For the Gold subindustry, Crestview Exploration'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.

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

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

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

Crestview Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Crestview Exploration's Debt to Equity Ratio for the fiscal year 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	+	0)	/	1.365
	=	0.00

Crestview Exploration's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(0.025	+	0)	/	1.297
	=	0.02

Crestview Exploration (XCNQ:CRS) 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.

Crestview Exploration Debt-to-Equity Related Terms

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Crestview Exploration (XCNQ:CRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Crestview Exploration Inc (XCNQ:CRS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CE7:Germany

Address

330 5th Avenue SW, Calgary, AB, CAN, T2P 0L3

Website

http://www.crestviewexploration.com

Crestview Exploration Inc is a technology-driven, well-funded and experienced exploration company focused on finding gold and silver deposits in mining-friendly jurisdictions. The Rock Creek, Divide, and Castile Mountain properties are situated in the Tuscarora Mountains of northern Elko County, Nevada. It has one operating segment, the sector of exploration and evaluation of mineral resources. The company's Tuscarora properties combined comprise a total of 101 unpatented lode mining claims, with 74 claims at Rock Creek, 19 claims at Divide, and 8 claims at Castile Mountain.

Executives

Christopher James Wensley

Director