Spearmint Resources (XCNQ:SPMT) Debt-to-Equity : 0.00 (As of Oct. 2024)

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What is Spearmint Resources Debt-to-Equity?

Spearmint Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was C$0.00 Mil. Spearmint Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was C$0.00 Mil. Spearmint Resources's Total Stockholders Equity for the quarter that ended in Oct. 2024 was C$3.20 Mil. Spearmint Resources's debt to equity for the quarter that ended in Oct. 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 Spearmint Resources's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Spearmint Resources was 1.01. The lowest was -3.00. And the median was 0.22.

XCNQ:SPMT'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.

Spearmint Resources Debt-to-Equity Historical Data

The historical data trend for Spearmint 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.

Spearmint Resources Debt-to-Equity Chart

Spearmint Resources Annual Data

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Debt-to-Equity

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Spearmint Resources Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Spearmint 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.

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

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

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

Spearmint Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spearmint Resources'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)	/	3.894
	=	0.00

Spearmint Resources's Debt to Equity Ratio for the quarter that ended in Oct. 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)	/	3.195
	=	0.00

Spearmint Resources (XCNQ:SPMT) 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.

Spearmint Resources Debt-to-Equity Related Terms

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Spearmint Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SPMTF:USA SQH:Germany

Address

700 West Georgia Street, Suite 2905, Vancouver, BC, CAN, V7Y 1K8

Website

https://www.spearmintresources.ca

Spearmint Resources Inc is an exploration stage public company. Its business activities include acquiring and exploring exploration and evaluation assets. Geographically, the company has a business presence in Canada and the United States. Some of the company's projects are Chibougamau Vanadium Prospects, EL North Nickel-Copper Prospects, NEBA Copper-Gold Prospects, QC Chibougamau Vanadium Prospects - Staking, QC Perron-East Gold Prospects - Staking, Nevada Elon and McGee Properties, Nevada Green Clay Lithium Project, NL Goose Gold Property, ON Escape Lake North PGM Project, BC EL North Nickel-Copper Prospects, BC NEBA Copper-Gold Prospects, BC Safari Copper-Gold Property and BC Hammernose Gold Property.

Executives

Dennis Wellington Aalderink	Director
James Nelson	Director
Yangping Cai	Senior Officer
Seth Kay	Senior Officer

Spearmint Resources Headlines

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