Recharge Resources (XCNQ:RR) Debt-to-Equity : 0.03 (As of Sep. 2024)

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What is Recharge Resources Debt-to-Equity?

Recharge Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.05 Mil. Recharge Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.01 Mil. Recharge Resources's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$2.46 Mil. Recharge Resources's debt to equity for the quarter that ended in Sep. 2024 was 0.02.

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 Recharge Resources's Debt-to-Equity or its related term are showing as below:

XCNQ:RR' s Debt-to-Equity Range Over the Past 10 Years
Min: -4 Med: 0.02 Max: 4
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Recharge Resources was 4.00. The lowest was -4.00. And the median was 0.02.

XCNQ:RR's Debt-to-Equity is ranked better than
76.5% of 1251 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:RR: 0.03

Recharge Resources Debt-to-Equity Historical Data

The historical data trend for Recharge 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.

Recharge Resources Debt-to-Equity Chart

Recharge Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-4.00

-0.60

Recharge Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	0.03

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

For the Other Industrial Metals & Mining subindustry, Recharge 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.

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

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

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

Recharge Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Recharge 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)	/	7.223
	=	0.00

Recharge Resources's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.05	+	0.011)	/	2.455
	=	0.02

Recharge Resources (XCNQ:RR) 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.

Recharge Resources Debt-to-Equity Related Terms

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Recharge Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Recharge Resources Ltd (XCNQ:RR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RECHF:USA SL5:Germany

Address

1055 West Georgia, Suite 1500, Royal Centre, Po Box 11117, Vancouver, BC, CAN, V6C 0A6

Website

https://www.recharge-resources.com

Recharge Resources Ltd, formerly Le Mare Gold Corp is a resource exploration company engaged in acquiring and exploring mineral properties in Canada and Argentina.

Executives