Premium Nickel Resources (TSXV:PNRL) Debt-to-Equity : 0.39 (As of Dec. 2023)

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What is Premium Nickel Resources Debt-to-Equity?

Premium Nickel Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.61 Mil. Premium Nickel Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$18.30 Mil. Premium Nickel Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$50.78 Mil. Premium Nickel Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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 Premium Nickel Resources's Debt-to-Equity or its related term are showing as below:

TSXV:PNRL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.38 Max: 0.39
Current: 0.39

During the past 5 years, the highest Debt-to-Equity Ratio of Premium Nickel Resources was 0.39. The lowest was 0.37. And the median was 0.38.

TSXV:PNRL's Debt-to-Equity is ranked worse than
70.19% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:PNRL: 0.39

Premium Nickel Resources Debt-to-Equity Historical Data

The historical data trend for Premium Nickel Resources'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.

Premium Nickel Resources Debt-to-Equity Chart

Premium Nickel Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.37

0.39

Premium Nickel Resources Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.37	0.31	0.36	0.38	0.39

Competitive Comparison of Premium Nickel Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Premium Nickel Resources'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.

Premium Nickel Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Premium Nickel Resources's Debt-to-Equity falls into.

Premium Nickel Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Premium Nickel Resources'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
	=	(1.611	+	18.301)	/	50.784
	=	0.39

Premium Nickel Resources'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
	=	(1.611	+	18.301)	/	50.784
	=	0.39

Premium Nickel Resources (TSXV:PNRL) 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.

Premium Nickel Resources Debt-to-Equity Related Terms

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

Premium Nickel Resources (TSXV:PNRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premium Nickel Resources Ltd (TSXV:PNRL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PNRLF:USA O8S:Germany

Address

100 King Street West, One First Canadian Place, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.premiumnickelresources.ca

Premium Nickel Resources Ltd is a Canadian company dedicated to the exploration and development of high-quality nickel copper + cobalt resources. The company focuses its efforts on discovering nickel sulphide assets in Botswana, Greenland, and Canada. It has one reportable operating segment being that of the acquisition, exploration and development of mineral properties in three geographic segments being Botswana, Greenland and Canada.

Executives

Richard William Keith Morrison

Director, Senior Officer

Premium Nickel Resources (TSXV:PNRL) Headlines

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