QMC Quantum Minerals (TSXV:QMC) Debt-to-Equity : 0.03 (As of Feb. 2024)

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What is QMC Quantum Minerals Debt-to-Equity?

QMC Quantum Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.12 Mil. QMC Quantum Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. QMC Quantum Minerals's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$3.48 Mil. QMC Quantum Minerals's debt to equity for the quarter that ended in Feb. 2024 was 0.03.

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 QMC Quantum Minerals's Debt-to-Equity or its related term are showing as below:

TSXV:QMC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.19
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of QMC Quantum Minerals was 0.19. The lowest was 0.03. And the median was 0.05.

TSXV:QMC's Debt-to-Equity is ranked better than
75.77% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:QMC: 0.03

QMC Quantum Minerals Debt-to-Equity Historical Data

The historical data trend for QMC Quantum Minerals'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.

QMC Quantum Minerals Debt-to-Equity Chart

QMC Quantum Minerals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.14

0.04

0.05

0.06

QMC Quantum Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.05	0.05	0.06	0.06	0.03

Competitive Comparison of QMC Quantum Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, QMC Quantum Minerals'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.

QMC Quantum Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where QMC Quantum Minerals's Debt-to-Equity falls into.

QMC Quantum Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

QMC Quantum Minerals's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(0.191	+	0)	/	3.293
	=	0.06

QMC Quantum Minerals's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(0.119	+	0)	/	3.479
	=	0.03

QMC Quantum Minerals (TSXV:QMC) 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.

QMC Quantum Minerals Debt-to-Equity Related Terms

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

QMC Quantum Minerals (TSXV:QMC) Business Description

Industry

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

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Traded in Other Exchanges

QMCQF:USA

Address

755 Burrard Street, Suite 440, Vancouver, BC, CAN, V6Z 1X6

Website

https://www.qmcminerals.com

QMC Quantum Minerals Corp is a company engaged in the acquisition, exploration and development of resource properties. Its objective is to acquire, locate and develop economic deposits within the company's precious, base, rare metal resource properties of merit. The company's properties include the Irgon Lithium Mine Project, the Rocky Lake property, Rocky-Namew and Namew Lake properties.

Executives

Edward Low

Director, Senior Officer

QMC Quantum Minerals (TSXV:QMC) Headlines

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