Myriad Uranium (XCNQ:M) Debt-to-Equity : 0.00 (As of Jul. 2024)

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What is Myriad Uranium Debt-to-Equity?

Myriad Uranium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.00 Mil. Myriad Uranium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.00 Mil. Myriad Uranium's Total Stockholders Equity for the quarter that ended in Jul. 2024 was C$2.82 Mil. Myriad Uranium's debt to equity for the quarter that ended in Jul. 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 Myriad Uranium's Debt-to-Equity or its related term are showing as below:

XCNQ:M'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.

Myriad Uranium Debt-to-Equity Historical Data

The historical data trend for Myriad Uranium'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.

Myriad Uranium Debt-to-Equity Chart

Myriad Uranium Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Debt-to-Equity

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Myriad Uranium 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															-	-	-	-	-

Competitive Comparison of Myriad Uranium's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Myriad Uranium'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.

Myriad Uranium's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Myriad Uranium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Myriad Uranium'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	+	0)	/	0.567
	=	0.00

Myriad Uranium'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	+	0)	/	2.821
	=	0.00

Myriad Uranium (XCNQ:M) 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.

Myriad Uranium Debt-to-Equity Related Terms

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Myriad Uranium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Myriad Uranium Corp (XCNQ:M) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MYRUF:USA C3Q:Germany

Address

1090 West Georgia Street, Suite 600, Vancouver, BC, CAN, V6E 3V7

Website

https://www.myriaduranium.com

Myriad Uranium Corp is a mineral exploration company. The company operates in one operating segment, which is the exploration and evaluation of mineral properties. The company is in the business of mineral exploration. The business of mining and exploring for minerals involves a high degree of risk and there can be no assurance that the Company will obtain the necessary financing to complete the exploration and development of mineral property interests.

Executives