Mega Uranium (TSX:MGA) Debt-to-Equity : 0.09 (As of Dec. 2023)

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What is Mega Uranium Debt-to-Equity?

Mega Uranium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$16.66 Mil. Mega Uranium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.32 Mil. Mega Uranium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$190.44 Mil. Mega Uranium's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

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 Mega Uranium's Debt-to-Equity or its related term are showing as below:

TSX:MGA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.09
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Mega Uranium was 0.09. The lowest was 0.00. And the median was 0.01.

TSX:MGA's Debt-to-Equity is ranked better than
73.23% of 127 companies
in the Other Energy Sources industry
Industry Median: 0.24 vs TSX:MGA: 0.09

Mega Uranium Debt-to-Equity Historical Data

The historical data trend for Mega Uranium'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.

Mega Uranium Debt-to-Equity Chart

Mega Uranium Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.01

0.05

Mega Uranium Quarterly Data
	Mar19	Jun19	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															0.02	0.03	0.04	0.05	0.09

Competitive Comparison of Mega Uranium's Debt-to-Equity

For the Uranium subindustry, Mega Uranium'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.

Mega Uranium's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Mega Uranium's Debt-to-Equity distribution charts can be found below:

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

Mega Uranium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mega Uranium's Debt to Equity Ratio for the fiscal year 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
	=	(8.706	+	0.339)	/	174.177
	=	0.05

Mega Uranium'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
	=	(16.657	+	0.317)	/	190.435
	=	0.09

Mega Uranium (TSX:MGA) 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.

Mega Uranium Debt-to-Equity Related Terms

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Mega Uranium (TSX:MGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Mega Uranium Ltd (TSX:MGA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MGAFF:USA M6J:Germany

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.megauranium.com

Mega Uranium Ltd is a Canada-based exploration stage mineral resources company. The company is engaged in the acquisition and exploration of uranium prospective properties. Its properties include Ben Lomond, Georgetown, and Kintyre in Australia. Geographically, it operates in Canada and Australia.