Volatus Capital (XCNQ:VC) Debt-to-Equity : 0.03 (As of Oct. 2023)

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What is Volatus Capital Debt-to-Equity?

Volatus Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$0.11 Mil. Volatus Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$0.00 Mil. Volatus Capital's Total Stockholders Equity for the quarter that ended in Oct. 2023 was C$3.88 Mil. Volatus Capital's debt to equity for the quarter that ended in Oct. 2023 was 0.03.

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 Volatus Capital's Debt-to-Equity or its related term are showing as below:

XCNQ:VC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.03
Current: 0.03

During the past 5 years, the highest Debt-to-Equity Ratio of Volatus Capital was 0.03. The lowest was 0.00. And the median was 0.01.

XCNQ:VC's Debt-to-Equity is ranked better than
75.98% of 1307 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:VC: 0.03

Volatus Capital Debt-to-Equity Historical Data

The historical data trend for Volatus Capital'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.

Volatus Capital Debt-to-Equity Chart

Volatus Capital Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Debt-to-Equity

0.02

0.01

Volatus Capital Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	-	-	0.03

Competitive Comparison of Volatus Capital's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Volatus Capital'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.

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

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

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

Volatus Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Volatus Capital's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(0.048	+	0)	/	9.713
	=	0.00

Volatus Capital's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(0.11	+	0)	/	3.882
	=	0.03

Volatus Capital (XCNQ:VC) 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.

Volatus Capital Debt-to-Equity Related Terms

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Volatus Capital (XCNQ:VC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volatus Capital Corp (XCNQ:VC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VOY0:Germany

Address

733 Seymour Street, Suite 2900, PO Box 1, Vancouver Centre II, Vancouver, BC, CAN, V6B 0S6

Website

https://volatuscapitalcorp.com

Volatus Capital Corp is engaged in the business of acquiring and exploring mineral resource properties in Canada. The company holds an interest in the Sunset Copper Star Project and the Split Dome Copper Project. The Company has two operating segments: the exploration and evaluation assets in Canada and its investment in Leigh Creek Magnesite Proprietary Limited.

Executives

Martin Alexander Wurm

10% Security Holder