Nordique Resources (XCNQ:NORD) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Nordique Resources Debt-to-Equity?

Nordique Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Nordique Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Nordique Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.22 Mil. Nordique Resources'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 Nordique Resources's Debt-to-Equity or its related term are showing as below:

XCNQ:NORD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: 0.05

XCNQ:NORD's Debt-to-Equity is ranked better than
66.46% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:NORD: 0.05

Nordique Resources Debt-to-Equity Historical Data

The historical data trend for Nordique 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.

Nordique Resources Debt-to-Equity Chart

Nordique Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Nordique Resources Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									-	0.01	-	0.01	-

Competitive Comparison of Nordique Resources's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Nordique 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.

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

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

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

Nordique Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nordique 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)	/	0.22
	=	0.00

Nordique Resources'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)	/	0.22
	=	0.00

Nordique Resources (XCNQ:NORD) 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.

Nordique Resources Debt-to-Equity Related Terms

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

Nordique Resources (XCNQ:NORD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nordique Resources Inc (XCNQ:NORD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BRCGF:USA

Address

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

Website

https://www.brascanresources.com

Nordique Resources Inc Formerly Brascan Resources Inc is engaged in the identification, exploration and development of mineral resources, specifically focusing on lithium and gold exploration activities on its properties in Newfoundland and Brazil. It is a mineral exploration company mainly focused on gold, lithium and battery materials.

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