Slave Lake Zinc (XCNQ:SLZ) Debt-to-Equity : 0.29 (As of Dec. 2023)

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What is Slave Lake Zinc Debt-to-Equity?

Slave Lake Zinc's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Slave Lake Zinc's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.15 Mil. Slave Lake Zinc's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.51 Mil. Slave Lake Zinc's debt to equity for the quarter that ended in Dec. 2023 was 0.29.

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 Slave Lake Zinc's Debt-to-Equity or its related term are showing as below:

XCNQ:SLZ' s Debt-to-Equity Range Over the Past 10 Years
Min: -65 Med: 0.33 Max: 8.37
Current: 0.29

During the past 7 years, the highest Debt-to-Equity Ratio of Slave Lake Zinc was 8.37. The lowest was -65.00. And the median was 0.33.

XCNQ:SLZ's Debt-to-Equity is ranked worse than
64.46% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:SLZ: 0.29

Slave Lake Zinc Debt-to-Equity Historical Data

The historical data trend for Slave Lake Zinc'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.

Slave Lake Zinc Debt-to-Equity Chart

Slave Lake Zinc Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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3.29

0.37

0.25

Slave Lake Zinc 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															0.21	0.19	0.24	0.25	0.29

Competitive Comparison of Slave Lake Zinc's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Slave Lake Zinc'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.

Slave Lake Zinc's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Slave Lake Zinc's Debt-to-Equity falls into.

Slave Lake Zinc Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Slave Lake Zinc's Debt to Equity Ratio for the fiscal year that ended in Sep. 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	+	0.15)	/	0.595
	=	0.25

Slave Lake Zinc'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	+	0.15)	/	0.513
	=	0.29

Slave Lake Zinc (XCNQ:SLZ) 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.

Slave Lake Zinc Debt-to-Equity Related Terms

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Slave Lake Zinc (XCNQ:SLZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Slave Lake Zinc Corp (XCNQ:SLZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SLZNF:USA

Address

207 St. Patrick's Avenue, North Vancouver, Vancouver, BC, CAN, V7L 3N3

Website

http://www.zinccorp.ca

Slave Lake Zinc Corp is a Canadian mineral exploration company. The company is engaged in acquiring and exploring mineral properties and holds an interest in the O'Connor Lake Property in the South Slave Mining District of the Northwest Territories.

Executives

Ritchie John Wigham

10% Security Holder, Director, Senior Officer