Tocvan Ventures (XCNQ:TOC) Debt-to-Equity : 0.11 (As of Feb. 2024)

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What is Tocvan Ventures Debt-to-Equity?

Tocvan Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.66 Mil. Tocvan Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Tocvan Ventures's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$6.22 Mil. Tocvan Ventures's debt to equity for the quarter that ended in Feb. 2024 was 0.11.

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 Tocvan Ventures's Debt-to-Equity or its related term are showing as below:

XCNQ:TOC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.37 Max: 0.54
Current: 0.11

During the past 6 years, the highest Debt-to-Equity Ratio of Tocvan Ventures was 0.54. The lowest was 0.11. And the median was 0.37.

XCNQ:TOC's Debt-to-Equity is ranked better than
53.07% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:TOC: 0.11

Tocvan Ventures Debt-to-Equity Historical Data

The historical data trend for Tocvan Ventures'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.

Tocvan Ventures Debt-to-Equity Chart

Tocvan Ventures Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.54

0.46

Tocvan Ventures Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.35	0.44	0.46	0.21	0.11

Competitive Comparison of Tocvan Ventures's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Tocvan Ventures'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.

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

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

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

Tocvan Ventures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tocvan Ventures's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(1.958	+	0)	/	4.28
	=	0.46

Tocvan Ventures's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(0.663	+	0)	/	6.22
	=	0.11

Tocvan Ventures (XCNQ:TOC) 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.

Tocvan Ventures Debt-to-Equity Related Terms

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Tocvan Ventures (XCNQ:TOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tocvan Ventures Corp (XCNQ:TOC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TCVNF:USA TV3:Germany

Address

1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://www.tocvan.com

Tocvan Ventures Corp is engaged in the evaluation, acquisition, and exploration of mineral resource properties. The firm's projects includes, El Picacho and Pilar Gold Project.

Executives

Brodie Alan Sutherland

Director

Tocvan Ventures (XCNQ:TOC) Headlines

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