Eskay Mining (TSXV:ESK) Debt-to-Equity : 0.00 (As of Nov. 2023)

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What is Eskay Mining Debt-to-Equity?

Eskay Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.00 Mil. Eskay Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.00 Mil. Eskay Mining's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$8.05 Mil. Eskay Mining's debt to equity for the quarter that ended in Nov. 2023 was 0.00.

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

TSXV:ESK' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.42 Med: -0.18 Max: 0.48
Current: 0.35

During the past 13 years, the highest Debt-to-Equity Ratio of Eskay Mining was 0.48. The lowest was -0.42. And the median was -0.18.

TSXV:ESK's Debt-to-Equity is ranked worse than
68.49% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:ESK: 0.35

Eskay Mining Debt-to-Equity Historical Data

The historical data trend for Eskay 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.

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Eskay Mining Debt-to-Equity Chart

Eskay Mining Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.45

0.44

Eskay Mining Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															0.38	0.44	0.48	-	-

Competitive Comparison of Eskay Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Eskay 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.

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

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

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

Eskay Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eskay Mining's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(2.783	+	0)	/	6.333
	=	0.44

Eskay Mining's Debt to Equity Ratio for the quarter that ended in Nov. 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)	/	8.053
	=	0.00

Eskay Mining (TSXV:ESK) 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.

Eskay Mining Debt-to-Equity Related Terms

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

Eskay Mining (TSXV:ESK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eskay Mining Corp (TSXV:ESK) » Definitions » Debt-to-Equity

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ESKYF:USA

Address

82 Richmond Street East, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

http://www.eskaymining.com

Eskay Mining Corp is engaged in the acquisition and exploration of mineral properties in British Columbia, Canada. The company holds an interest in St. Andrew Goldfield (SIB) - Eskay Project and Corey Mineral Claims. Its operations comprise a single reporting operating segment engaged in Mineral Exploration in Canada.

Executives

Hugh Mclellan Balkam

Director

Eskay Mining (TSXV:ESK) Headlines

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