Nicola Mining (TSXV:NIM) Debt-to-Equity : 0.68 (As of Dec. 2023)

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What is Nicola Mining Debt-to-Equity?

Nicola Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.02 Mil. Nicola Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$4.24 Mil. Nicola Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$6.28 Mil. Nicola Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.68.

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

TSXV:NIM' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.6 Med: -0.38 Max: 32.93
Current: 0.68

During the past 13 years, the highest Debt-to-Equity Ratio of Nicola Mining was 32.93. The lowest was -2.60. And the median was -0.38.

TSXV:NIM's Debt-to-Equity is ranked worse than
80.65% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:NIM: 0.68

Nicola Mining Debt-to-Equity Historical Data

The historical data trend for Nicola 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.

Nicola Mining Debt-to-Equity Chart

Nicola Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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5.97

32.93

8.37

2.76

0.68

Nicola Mining 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															2.76	1.24	0.85	0.91	0.68

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

For the Other Industrial Metals & Mining subindustry, Nicola 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.

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

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

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

Nicola Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nicola 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
	=	(0.016	+	4.237)	/	6.281
	=	0.68

Nicola 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
	=	(0.016	+	4.237)	/	6.281
	=	0.68

Nicola Mining (TSXV:NIM) 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.

Nicola Mining Debt-to-Equity Related Terms

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

Nicola Mining (TSXV:NIM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

HUSIF:USA HLIA:Germany

Address

3329 Aberdeen Road, Lower Nicola, BC, CAN, V0K 1Y0

Website

https://www.nicolamining.com

Nicola Mining Inc is engaged in the identification, acquisition, and exploration of mineral property interests. Its projects include Merritt Mill and Tailing Facility, New Craigmont property, Treasure Mountain property, and Sand and Gravel property.

Executives

Warwick Bay

Senior Officer