Quebec Pegmatite Holdings (XCNQ:QBC) Debt-to-Equity : -0.27 (As of Dec. 2023)

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What is Quebec Pegmatite Holdings Debt-to-Equity?

Quebec Pegmatite Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.54 Mil. Quebec Pegmatite Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Quebec Pegmatite Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-2.02 Mil. Quebec Pegmatite Holdings's debt to equity for the quarter that ended in Dec. 2023 was -0.27.

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 Quebec Pegmatite Holdings's Debt-to-Equity or its related term are showing as below:

XCNQ:QBC' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.4 Med: -0.27 Max: 1.15
Current: -0.27

During the past 5 years, the highest Debt-to-Equity Ratio of Quebec Pegmatite Holdings was 1.15. The lowest was -0.40. And the median was -0.27.

XCNQ:QBC's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs XCNQ:QBC: -0.27

Quebec Pegmatite Holdings Debt-to-Equity Historical Data

The historical data trend for Quebec Pegmatite Holdings'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.

Quebec Pegmatite Holdings Debt-to-Equity Chart

Quebec Pegmatite Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

-0.40

-0.27

-0.28

Quebec Pegmatite Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.24	-0.31	-0.28	-0.28	-0.27

Competitive Comparison of Quebec Pegmatite Holdings's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Quebec Pegmatite Holdings'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.

Quebec Pegmatite Holdings's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Quebec Pegmatite Holdings's Debt-to-Equity falls into.

Quebec Pegmatite Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quebec Pegmatite Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.517	+	0)	/	-1.821
	=	-0.28

Quebec Pegmatite Holdings'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
	=	(0.538	+	0)	/	-2.022
	=	-0.27

Quebec Pegmatite Holdings (XCNQ:QBC) 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.

Quebec Pegmatite Holdings Debt-to-Equity Related Terms

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Quebec Pegmatite Holdings (XCNQ:QBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Pegmatite Holdings Corp (XCNQ:QBC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WPNNF:USA 3WK:Germany

Address

1500-1055 West Georgia Street, Vancouver, BC, CAN, V6E 4N7

Website

https://www.firstrespondertech.com

First Responder Technologies Inc is engaged in the development of weapons detection products and services. It is a technology development company that commercializes academic and internally developed intellectual property for use in the public safety market. The company's product portfolio includes Sentinel WiFi Concealed Detection Device; Sentinel Vision AI Open-Carry Weapons Detection and Sentinel Vision Threat Management System. The Company has one operating segment, technology development.

Quebec Pegmatite Holdings (XCNQ:QBC) Headlines

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