Reflex Advanced Materials (XCNQ:RFLX) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Reflex Advanced Materials Debt-to-Equity?

Reflex Advanced Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Reflex Advanced Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Reflex Advanced Materials's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$2.53 Mil. Reflex Advanced Materials'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 Reflex Advanced Materials's Debt-to-Equity or its related term are showing as below:

XCNQ:RFLX'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.

Reflex Advanced Materials Debt-to-Equity Historical Data

The historical data trend for Reflex Advanced Materials'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.

Reflex Advanced Materials Debt-to-Equity Chart

Reflex Advanced Materials Annual Data

Trend

Jan22

Jan23

Jan24

Debt-to-Equity

Reflex Advanced Materials Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial					-	-	-	-	-

Competitive Comparison of Reflex Advanced Materials's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Reflex Advanced Materials'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.

Reflex Advanced Materials's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Reflex Advanced Materials's Debt-to-Equity falls into.

Reflex Advanced Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reflex Advanced Materials's Debt to Equity Ratio for the fiscal year 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)	/	2.527
	=	0.00

Reflex Advanced Materials'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)	/	2.527
	=	0.00

Reflex Advanced Materials (XCNQ:RFLX) 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.

Reflex Advanced Materials Debt-to-Equity Related Terms

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Reflex Advanced Materials (XCNQ:RFLX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RFLXF:USA HF2:Germany

Address

905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6

Website

https://www.reflexmaterials.com

Reflex Advanced Materials Corp is engaged in the business of mineral exploration in Canada. The company is working to advance its ZigZag Lake Lithium Property, located in Thunder Bay Mining Division, Crescent Lake Area, Ontario, Canada.

Executives

Dave Bowen

10% Security Holder, Deemed Insider - 6 Months before becoming Insider, Director, Senior Officer

Reflex Advanced Materials (XCNQ:RFLX) Headlines

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