Silver Scott Mines (Silver Scott Mines) Debt-to-Equity : 0.08 (As of Sep. 2023)

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What is Silver Scott Mines Debt-to-Equity?

Silver Scott Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.03 Mil. Silver Scott Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Silver Scott Mines's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $0.40 Mil. Silver Scott Mines's debt to equity for the quarter that ended in Sep. 2023 was 0.08.

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 Silver Scott Mines's Debt-to-Equity or its related term are showing as below:

SILS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.08 Max: 0.08
Current: 0.08

During the past 0 years, the highest Debt-to-Equity Ratio of Silver Scott Mines was 0.08. The lowest was 0.08. And the median was 0.08.

SILS's Debt-to-Equity is ranked better than
58.6% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SILS: 0.08

Silver Scott Mines Debt-to-Equity Historical Data

The historical data trend for Silver Scott Mines'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.

Silver Scott Mines Debt-to-Equity Chart

Silver Scott Mines Annual Data

Trend

Debt-to-Equity

Silver Scott Mines Semi-Annual Data
	Sep22	Sep23
Debt-to-Equity	N/A	0.08

Competitive Comparison of Silver Scott Mines's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Silver Scott Mines'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.

Silver Scott Mines's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Silver Scott Mines's Debt-to-Equity falls into.

Silver Scott Mines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Silver Scott Mines's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

Silver Scott Mines's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.032	+	0)	/	0.398
	=	0.08

Silver Scott Mines (OTCPK:SILS) 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.

Silver Scott Mines Debt-to-Equity Related Terms

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Silver Scott Mines (Silver Scott Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Scott Mines Inc (OTCPK:SILS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8296 Portofino Drive, Unit 205, Championsgate, FL, USA, 33896

Website

http://www.silverscottmines.com

Silver Scott Mines Inc is a holding company owning assets in the digital currency, DeFI, blockchain, and Web3.0 verticals. It uses a subscription based model to offer online cryptocurrency education and mentoring services through its Dr. Crypto Pro membership program.

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