Canamera Energy Metals (XCNQ:EMET) Debt-to-Equity : 0.08 (As of Jul. 2024)

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What is Canamera Energy Metals Debt-to-Equity?

Canamera Energy Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.01 Mil. Canamera Energy Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.00 Mil. Canamera Energy Metals's Total Stockholders Equity for the quarter that ended in Jul. 2024 was C$0.15 Mil. Canamera Energy Metals's debt to equity for the quarter that ended in Jul. 2024 was 0.08.

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

XCNQ:EMET' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.39
Current: 0.08

During the past 6 years, the highest Debt-to-Equity Ratio of Canamera Energy Metals was 0.39. The lowest was 0.02. And the median was 0.05.

XCNQ:EMET's Debt-to-Equity is ranked better than
58.71% of 1303 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:EMET: 0.08

Canamera Energy Metals Debt-to-Equity Historical Data

The historical data trend for Canamera Energy 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.

* Premium members only.

Canamera Energy Metals Debt-to-Equity Chart

Canamera Energy Metals Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Debt-to-Equity

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0.09

0.02

0.03

0.06

0.08

Canamera Energy Metals Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.07	0.07	0.08	0.08

Competitive Comparison of Canamera Energy Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Canamera Energy 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.

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

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

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

Canamera Energy Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canamera Energy Metals's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(0.012	+	0)	/	0.161
	=	0.07

Canamera Energy Metals's Debt to Equity Ratio for the quarter that ended in Jul. 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
	=	(0.012	+	0)	/	0.154
	=	0.08

Canamera Energy Metals (XCNQ:EMET) 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.

Canamera Energy Metals Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Canamera Energy Metals's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Canamera Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canamera Energy Metals Corp (XCNQ:EMET) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3

Website

Canamera Energy Metals Corp is a resource exploration company that is acquiring and exploring mineral properties. The company is focused on the exploration of its Mantle Property in British Columbia. It has one reportable operating segment, being the acquisition and exploration of mineral properties in Canada.

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