Rockcliff Metals (XCNQ:RCLF) Debt-to-Equity : 0.06 (As of Mar. 2023)

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What is Rockcliff Metals Debt-to-Equity?

Rockcliff Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$0.04 Mil. Rockcliff Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$0.00 Mil. Rockcliff Metals's Total Stockholders Equity for the quarter that ended in Mar. 2023 was C$0.69 Mil. Rockcliff Metals's debt to equity for the quarter that ended in Mar. 2023 was 0.06.

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 Rockcliff Metals's Debt-to-Equity or its related term are showing as below:

XCNQ:RCLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.07
Current: 0.06

During the past 12 years, the highest Debt-to-Equity Ratio of Rockcliff Metals was 0.07. The lowest was 0.01. And the median was 0.04.

XCNQ:RCLF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs XCNQ:RCLF: 0.06

Rockcliff Metals Debt-to-Equity Historical Data

The historical data trend for Rockcliff 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.

Rockcliff Metals Debt-to-Equity Chart

Rockcliff Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

0.07

0.06

Rockcliff Metals Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.05	0.11	0.03	0.06

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

For the Copper subindustry, Rockcliff 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.

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

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

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

Rockcliff Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rockcliff 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
	=	(0.04	+	0)	/	0.687
	=	0.06

Rockcliff Metals's Debt to Equity Ratio for the quarter 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
	=	(0.04	+	0)	/	0.687
	=	0.06

Rockcliff Metals (XCNQ:RCLF) 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.

Rockcliff Metals Debt-to-Equity Related Terms

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Rockcliff Metals (XCNQ:RCLF) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.rockcliffmetals.com

Rockcliff Metals Corp is a Canadian resource development and exploration company and near-term copper producer owning several stages, high-grade copper, Zinc, Silver, and gold deposits. The company's extensive portfolio of properties includes Tower property, Rail property, Goldpath property, SLS property, Freebeth property, Bur property, and others.