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QNB Metals (XCNQ:TIM.X) Debt-to-Equity : 0.00 (As of Jul. 2024)


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What is QNB Metals Debt-to-Equity?

QNB Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.00 Mil. QNB Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.00 Mil. QNB Metals's Total Stockholders Equity for the quarter that ended in Jul. 2024 was C$-0.55 Mil. QNB Metals's debt to equity for the quarter that ended in Jul. 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 QNB Metals's Debt-to-Equity or its related term are showing as below:

XCNQ:TIM.X'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.

QNB Metals Debt-to-Equity Historical Data

The historical data trend for QNB 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.

QNB Metals Debt-to-Equity Chart

QNB Metals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Debt-to-Equity
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QNB Metals Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

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

For the Other Industrial Metals & Mining subindustry, QNB 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.


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

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

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



QNB Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

QNB Metals's Debt to Equity Ratio for the fiscal year that ended in Apr. 2024 is calculated as

QNB Metals's Debt to Equity Ratio for the quarter that ended in Jul. 2024 is calculated as

* 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.


QNB Metals  (XCNQ:TIM.X) 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.


QNB Metals Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of QNB Metals's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


QNB Metals Business Description

Traded in Other Exchanges
N/A
Address
1000 Sherbrooke Street West, Suite 2700, Montreal, QC, CAN, H3A 3G4
Website
QNB Metals Inc is an exploration and development company engaged in the exploration of the Lac La Chesnaye Property, Goodwin Lake property, and North West Miramichi property located in the province of Quebec, Canada.

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