Miata Metals (XCNQ:MMET) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Miata Metals Debt-to-Equity?

Miata Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Miata Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Miata Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.32 Mil. Miata Metals's debt to equity for the quarter that ended in Dec. 2023 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 Miata Metals's Debt-to-Equity or its related term are showing as below:

XCNQ:MMET'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.

Miata Metals Debt-to-Equity Historical Data

The historical data trend for Miata 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.

Miata Metals Debt-to-Equity Chart

Miata Metals Annual Data

Trend

Mar22

Mar23

Debt-to-Equity

N/A

Miata Metals Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	-	-	-	-

Competitive Comparison of Miata Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Miata 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.

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

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

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

Miata Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Miata Metals's Debt to Equity Ratio for the fiscal year that ended in Mar. 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)	/	0.603
	=	0.00

Miata Metals's Debt to Equity Ratio for the quarter 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	+	0)	/	0.316
	=	0.00

Miata Metals (XCNQ:MMET) 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.

Miata Metals Debt-to-Equity Related Terms

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

Miata Metals (XCNQ:MMET) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2133-1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

Miata Metals Corp engages in the identification, evaluation, acquisition, and exploration of mineral properties in Canada. It holds an interest in the Cabin Lake property.

Executives

Leonidas Karabelas

10% Security Holder

Miata Metals (XCNQ:MMET) Headlines

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