Teako Minerals (XCNQ:TMIN) Debt-to-Equity : 0.48 (As of Jan. 2024)

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What is Teako Minerals Debt-to-Equity?

Teako Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Teako Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.64 Mil. Teako Minerals's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$1.33 Mil. Teako Minerals's debt to equity for the quarter that ended in Jan. 2024 was 0.48.

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 Teako Minerals's Debt-to-Equity or its related term are showing as below:

XCNQ:TMIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.48 Max: 0.48
Current: 0.48

During the past 4 years, the highest Debt-to-Equity Ratio of Teako Minerals was 0.48. The lowest was 0.48. And the median was 0.48.

XCNQ:TMIN's Debt-to-Equity is ranked worse than
73.99% of 1307 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:TMIN: 0.48

Teako Minerals Debt-to-Equity Historical Data

The historical data trend for Teako Minerals'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.

Teako Minerals Debt-to-Equity Chart

Teako Minerals Annual Data

Trend

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

0.48

Teako Minerals Quarterly Data
	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial										-	-	-	0.10	0.48

Competitive Comparison of Teako Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Teako Minerals'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.

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

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

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

Teako Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Teako Minerals'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	+	0.637)	/	1.325
	=	0.48

Teako Minerals'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	+	0.637)	/	1.325
	=	0.48

Teako Minerals (XCNQ:TMIN) 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.

Teako Minerals Debt-to-Equity Related Terms

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

Teako Minerals (XCNQ:TMIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Teako Minerals Corp (XCNQ:TMIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.teakominerals.com

Teako Minerals Corp is engaged in the acquisition, exploration, and evaluation of mineral property interests located in Canada. It is in the process of exploring its mineral property interest in British Columbia and has not yet determined whether it contains mineral reserves that are economically recoverable. The company's mineral property interest consists of the Pinnacle project under option located in British Columbia, Canada.

Executives

Fruchtexpress Grabher Gmbh & Co Kg	10% Security Holder
Owen Garfield	Director

Teako Minerals (XCNQ:TMIN) Headlines

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