New Break Resources (XCNQ:NBRK) Debt-to-Equity : 0.00 (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is New Break Resources Debt-to-Equity?

New Break Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. New Break Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. New Break Resources's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$0.42 Mil. New Break Resources's debt to equity for the quarter that ended in Sep. 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 New Break Resources's Debt-to-Equity or its related term are showing as below:

XCNQ:NBRK'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.

New Break Resources Debt-to-Equity Historical Data

The historical data trend for New Break Resources'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.

New Break Resources Debt-to-Equity Chart

New Break Resources Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

New Break Resources Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of New Break Resources's Debt-to-Equity

For the Gold subindustry, New Break Resources'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.

New Break Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

New Break Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Break Resources'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	+	0)	/	0.78
	=	0.00

New Break Resources's Debt to Equity Ratio for the quarter that ended in Sep. 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)	/	0.421
	=	0.00

New Break Resources (XCNQ:NBRK) 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.

New Break Resources Debt-to-Equity Related Terms

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

New Break Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Break Resources Ltd (XCNQ:NBRK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.newbreakresources.ca

New Break Resources Ltd is a Canadian mineral exploration company with a dual vision for value creation. In northern Ontario, New Break is focused on its Moray Project, in a well-established mining camp, within proximity to existing infrastructure, while through its highly prospective Nunavut properties that include the Sundog and Esker Projects, it provides shareholders with exposure to the vast potential for exploration success in one of the most up and coming regions in Canada for gold exploration and production.

Executives

Michael Hugh Farrant	Senior Officer
William Donald Love	Senior Officer
Gordon Garfield Morrison	Director
Andrew Frederic De Paula Malim	Director

New Break Resources Headlines

No Headlines