Xcite Resources (XCNQ:XRI) Debt-to-Equity : 0.10 (As of Jan. 2024)

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What is Xcite Resources Debt-to-Equity?

Xcite Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.03 Mil. Xcite Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Xcite Resources's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$0.30 Mil. Xcite Resources's debt to equity for the quarter that ended in Jan. 2024 was 0.10.

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 Xcite Resources's Debt-to-Equity or its related term are showing as below:

XCNQ:XRI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.1 Max: 0.1
Current: 0.1

During the past 3 years, the highest Debt-to-Equity Ratio of Xcite Resources was 0.10. The lowest was 0.10. And the median was 0.10.

XCNQ:XRI's Debt-to-Equity is ranked better than
55.12% of 1308 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:XRI: 0.10

Xcite Resources Debt-to-Equity Historical Data

The historical data trend for Xcite Resources'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.

Xcite Resources Debt-to-Equity Chart

Xcite Resources Annual Data

Trend

Oct21

Oct22

Oct23

Debt-to-Equity

Xcite Resources Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial							-	-	-	-	0.10

Competitive Comparison of Xcite Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Xcite Resources'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.

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

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

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

Xcite Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xcite Resources's Debt to Equity Ratio for the fiscal year 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	+	0)	/	0.243
	=	0.00

Xcite Resources'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
	=	(0.03	+	0)	/	0.3
	=	0.10

Xcite Resources (XCNQ:XRI) 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.

Xcite Resources Debt-to-Equity Related Terms

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

Xcite Resources (XCNQ:XRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xcite Resources Inc (XCNQ:XRI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1030 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6E 2Y3

Website

Xcite Resources Inc is a Canada-based mineral exploration company on its Turgeon Lake Property, located in the Province of Québec. It has one reportable segment, the exploration, and development of mineral property in the province of Quebec, Canada.

Executives

Carl Desjardins

10% Security Holder

Xcite Resources (XCNQ:XRI) Headlines

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