Voltage Metals (XCNQ:VOLT) Debt-to-Equity : -0.98 (As of Dec. 2023)

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What is Voltage Metals Debt-to-Equity?

Voltage Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.38 Mil. Voltage Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Voltage Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.39 Mil. Voltage Metals's debt to equity for the quarter that ended in Dec. 2023 was -0.98.

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 Voltage Metals's Debt-to-Equity or its related term are showing as below:

XCNQ:VOLT' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.98 Med: -0.81 Max: -0.63
Current: -0.98

During the past 5 years, the highest Debt-to-Equity Ratio of Voltage Metals was -0.63. The lowest was -0.98. And the median was -0.81.

XCNQ:VOLT's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs XCNQ:VOLT: -0.98

Voltage Metals Debt-to-Equity Historical Data

The historical data trend for Voltage 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.

Voltage Metals Debt-to-Equity Chart

Voltage Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.63

-0.98

Voltage Metals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													-0.63	-4.02	-1.82	-1.98	-0.98

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

For the Other Industrial Metals & Mining subindustry, Voltage 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.

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

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

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

Voltage Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Voltage Metals's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.381	+	0)	/	-0.388
	=	-0.98

Voltage Metals's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.381	+	0)	/	-0.388
	=	-0.98

Voltage Metals (XCNQ:VOLT) 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.

Voltage Metals Debt-to-Equity Related Terms

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Voltage Metals (XCNQ:VOLT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

VLTMF:USA

Address

5000 Yonge Street, Suite 1901, Toronto, ON, CAN, M2N 7E9

Website

https://www.voltagemetals.com

Voltage Metals Corp is an exploration company focused on advancing battery metals projects. It is a producer of nickel, copper, cobalt and PGE's. The principal business carried on by the company include the acquisition, exploration and development of its St. Laurent project, Wheeler project, Skyfire project, etc.