Radio Fuels Energy (XCNQ:CAKE) Debt-to-Equity : 0.00 (As of Feb. 2024)

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What is Radio Fuels Energy Debt-to-Equity?

Radio Fuels Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Radio Fuels Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Radio Fuels Energy's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$16.47 Mil. Radio Fuels Energy's debt to equity for the quarter that ended in Feb. 2024 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 Radio Fuels Energy's Debt-to-Equity or its related term are showing as below:

XCNQ:CAKE's Debt-to-Equity is not ranked ^*
in the Other Energy Sources industry.
Industry Median: 0.195
* Ranked among companies with meaningful Debt-to-Equity only.

Radio Fuels Energy Debt-to-Equity Historical Data

The historical data trend for Radio Fuels Energy'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.

Radio Fuels Energy Debt-to-Equity Chart

Radio Fuels Energy Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

Radio Fuels Energy Quarterly Data
	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												-	-	-	-	-

Competitive Comparison of Radio Fuels Energy's Debt-to-Equity

For the Uranium subindustry, Radio Fuels Energy'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.

Radio Fuels Energy's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Radio Fuels Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Radio Fuels Energy's Debt-to-Equity falls into.

Radio Fuels Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Radio Fuels Energy's Debt to Equity Ratio for the fiscal year 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)	/	20.591
	=	0.00

Radio Fuels Energy'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	+	0)	/	16.47
	=	0.00

Radio Fuels Energy (XCNQ:CAKE) 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.

Radio Fuels Energy Debt-to-Equity Related Terms

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Radio Fuels Energy (XCNQ:CAKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Radio Fuels Energy Corp (XCNQ:CAKE) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

CKEFF:USA

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.radiofuels.ca

Radio Fuels Energy Corp is a mineral resource company in the development stage that is engaged in the acquisition of interests and in the exploration of, mineral resource properties. Radio Fuel's flagship property is owned by Eco Ridge Project located in Elliot Lake pounds of uranium oxide were mined from conglomerate beds by Rio Algom and Denison Mines.

Executives

Philip O'neill

Director, Senior Officer