McFarlane Lake Mining (NEOE:MLM) Debt-to-Equity : 0.38 (As of Feb. 2024)

View and export this data going back to 2022. Start your Free Trial

What is McFarlane Lake Mining Debt-to-Equity?

McFarlane Lake Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.20 Mil. McFarlane Lake Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. McFarlane Lake Mining's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$0.51 Mil. McFarlane Lake Mining's debt to equity for the quarter that ended in Feb. 2024 was 0.38.

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 McFarlane Lake Mining's Debt-to-Equity or its related term are showing as below:

NEOE:MLM' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.44 Med: 0.06 Max: 0.74
Current: 0.38

During the past 2 years, the highest Debt-to-Equity Ratio of McFarlane Lake Mining was 0.74. The lowest was -0.44. And the median was 0.06.

NEOE:MLM's Debt-to-Equity is ranked worse than
69.73% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs NEOE:MLM: 0.38

McFarlane Lake Mining Debt-to-Equity Historical Data

The historical data trend for McFarlane Lake Mining'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.

McFarlane Lake Mining Debt-to-Equity Chart

McFarlane Lake Mining Annual Data

Trend

Aug22

Aug23

Debt-to-Equity

0.74

-0.21

McFarlane Lake Mining Quarterly Data
	Jun21	Sep21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial						-0.23	-0.44	-0.21	0.12	0.38

Competitive Comparison of McFarlane Lake Mining's Debt-to-Equity

For the Gold subindustry, McFarlane Lake Mining'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.

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

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

* The bar in red indicates where McFarlane Lake Mining's Debt-to-Equity falls into.

McFarlane Lake Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

McFarlane Lake Mining'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
	=	(0.195	+	0)	/	-0.92
	=	-0.21

McFarlane Lake Mining'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
	=	(0.195	+	0)	/	0.511
	=	0.38

McFarlane Lake Mining (NEOE:MLM) 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.

McFarlane Lake Mining Debt-to-Equity Related Terms

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

McFarlane Lake Mining (NEOE:MLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McFarlane Lake Mining Ltd (NEOE:MLM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MLMLF:USA

Address

15 Kincora Court, Sudbury, ON, CAN, P3E 2B9

Website

https://www.mcfarlanelakemining.com

McFarlane Lake Mining Ltd is a gold exploration and development company currently engaged in the acquisition & assessment of gold properties. Its properties include High Lake, West Hawk Lake, Munro, and McMillan. The company has acquired six gold properties. It is a Canadian gold exploration and development company.

Executives

Mark Steven Trevisiol

10% Security Holder, Director, Senior Officer