Cumberland Resources Nickel (XCNQ:LAND) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Cumberland Resources Nickel Debt-to-Equity?

Cumberland Resources Nickel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Cumberland Resources Nickel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Cumberland Resources Nickel's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$0.08 Mil. Cumberland Resources Nickel's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Cumberland Resources Nickel's Debt-to-Equity or its related term are showing as below:

XCNQ:LAND's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Cumberland Resources Nickel Debt-to-Equity Historical Data

The historical data trend for Cumberland Resources Nickel'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.

Cumberland Resources Nickel Debt-to-Equity Chart

Cumberland Resources Nickel Annual Data

Trend

Sep21

Sep22

Sep23

Debt-to-Equity

Cumberland Resources Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of Cumberland Resources Nickel's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Cumberland Resources Nickel'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.

Cumberland Resources Nickel's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Cumberland Resources Nickel's Debt-to-Equity falls into.

Cumberland Resources Nickel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cumberland Resources Nickel'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
	=	(0	+	0)	/	0.116
	=	0.00

Cumberland Resources Nickel'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	+	0)	/	0.082
	=	0.00

Cumberland Resources Nickel (XCNQ:LAND) 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.

Cumberland Resources Nickel Debt-to-Equity Related Terms

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Cumberland Resources Nickel (XCNQ:LAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cumberland Resources Nickel Corp (XCNQ:LAND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

833 Seymour Street, Suite 3606, Vancouver, BC, CAN, V6B 0G4

Website

Cumberland Resources Nickel Corp is focused on exploring and developing its mineral properties. It holds a 100% interest in the St. Anthony Property located in Newfoundland, Canada.