Rumble Resources (XCNQ:RB) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Rumble Resources Debt-to-Equity?

Rumble Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Rumble Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Rumble Resources's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$0.16 Mil. Rumble Resources's debt to equity for the quarter that ended in Jan. 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 Rumble Resources's Debt-to-Equity or its related term are showing as below:

XCNQ:RB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.06
Current: 0.06

During the past 6 years, the highest Debt-to-Equity Ratio of Rumble Resources was 0.06. The lowest was 0.03. And the median was 0.05.

XCNQ:RB's Debt-to-Equity is ranked better than
63.54% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:RB: 0.06

Rumble Resources Debt-to-Equity Historical Data

The historical data trend for Rumble 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.

Rumble Resources Debt-to-Equity Chart

Rumble Resources Annual Data

Trend

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.06

Rumble Resources Quarterly Data
	Jul18	Jul19	Jul20	Jan21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial										-	0.03	0.06	-	-

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

For the Other Industrial Metals & Mining subindustry, Rumble 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.

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

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

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

Rumble Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rumble Resources's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.005	+	0.005)	/	0.162
	=	0.06

Rumble Resources's Debt to Equity Ratio for the quarter that ended in Jan. 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)	/	0.161
	=	0.00

Rumble Resources (XCNQ:RB) 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.

Rumble Resources Debt-to-Equity Related Terms

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

Rumble Resources (XCNQ:RB) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

905 West Pender Street, Suite 503, Vancouver, BC, CAN, V6C 1L6

Website

Rumble Resources Inc is engaged in the acquisition, exploration, and development of mineral exploration properties. The Company holds the exclusive option to acquire a 100% interest, subject to a 2% Net Smelter Returns royalty, in the Woolford Creek Property. The Woolford Creek Property is located approximately 15 kilometers north of Squilax, British Columbia on the northeast shore of Little Shuswap Lake and is comprised of seven mining claims in the Kamloops Mining Division, British Columbia covering approximately 3,620.07 hectares.

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