Magna Mining (TSXV:NICU) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Magna Mining Debt-to-Equity?

Magna Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.03 Mil. Magna Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.01 Mil. Magna Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$7.34 Mil. Magna Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

TSXV:NICU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.02
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Magna Mining was 0.02. The lowest was 0.01. And the median was 0.02.

TSXV:NICU's Debt-to-Equity is ranked better than
99.92% of 1313 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:NICU: 0.01

Magna Mining Debt-to-Equity Historical Data

The historical data trend for Magna 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.

Magna Mining Debt-to-Equity Chart

Magna Mining Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.02

0.01

Magna Mining Quarterly Data
	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	-	0.01	0.01	0.01

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

For the Other Industrial Metals & Mining subindustry, Magna 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.

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

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

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

Magna Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magna Mining's Debt to Equity Ratio for the fiscal year 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
	=	(0.028	+	0.014)	/	7.335
	=	0.01

Magna Mining'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
	=	(0.028	+	0.014)	/	7.335
	=	0.01

Magna Mining (TSXV:NICU) 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.

Magna Mining Debt-to-Equity Related Terms

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

Magna Mining (TSXV:NICU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Mining Inc (TSXV:NICU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MGMNF:USA 8YD:Germany

Address

45 Oak Street, Box 103, Dowling, ON, CAN, P0M 1R0

Website

https://www.magnamining.com

Magna Mining Inc is a Sudbury-focused base metal exploration and development company. It is prospective for nickel, copper, and PGM discoveries. Its projects include the Shakespeare Project and the Shining Tree Project. It has one reportable operating segment, being the acquisition, exploration and development of mineral properties. The Company's assets are located in Canada.

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