Hardcore Discoveries (XCNQ:HARD) Debt-to-Equity : -0.01 (As of Mar. 2024)

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What is Hardcore Discoveries Debt-to-Equity?

Hardcore Discoveries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.02 Mil. Hardcore Discoveries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Hardcore Discoveries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$-1.38 Mil. Hardcore Discoveries's debt to equity for the quarter that ended in Mar. 2024 was -0.01.

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 Hardcore Discoveries's Debt-to-Equity or its related term are showing as below:

XCNQ:HARD' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.01 Med: -0.01 Max: 0.03
Current: -0.01

During the past 5 years, the highest Debt-to-Equity Ratio of Hardcore Discoveries was 0.03. The lowest was -0.01. And the median was -0.01.

XCNQ:HARD's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs XCNQ:HARD: -0.01

Hardcore Discoveries Debt-to-Equity Historical Data

The historical data trend for Hardcore Discoveries'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.

Hardcore Discoveries Debt-to-Equity Chart

Hardcore Discoveries Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.01

Hardcore Discoveries Quarterly Data
	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													-	-	-	-0.01	-0.01

Competitive Comparison of Hardcore Discoveries's Debt-to-Equity

For the Gold subindustry, Hardcore Discoveries'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.

Hardcore Discoveries's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Hardcore Discoveries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hardcore Discoveries's Debt to Equity Ratio for the fiscal year 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
	=	(0.015	+	0)	/	-1.309
	=	-0.01

Hardcore Discoveries'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
	=	(0.015	+	0)	/	-1.384
	=	-0.01

Hardcore Discoveries (XCNQ:HARD) 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.

Hardcore Discoveries Debt-to-Equity Related Terms

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Hardcore Discoveries (XCNQ:HARD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hardcore Discoveries Ltd (XCNQ:HARD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MAKAF:USA Y5E:Germany

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.makaramining.com

Hardcore Discoveries Ltd formerly Makara Mining Corp is engaged in the business of mineral exploration in Canada. Its projects include Rude Creek Property, Kenora Gold Property, Win Property, Idaho Property, and Davis & Paradise Properties.

Hardcore Discoveries (XCNQ:HARD) Headlines

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