55 North Mining (XCNQ:FFF) Debt-to-Equity : -0.11 (As of Dec. 2023)

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What is 55 North Mining Debt-to-Equity?

55 North Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. 55 North Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.04 Mil. 55 North Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.38 Mil. 55 North Mining's debt to equity for the quarter that ended in Dec. 2023 was -0.10.

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

XCNQ:FFF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.16 Med: -0.05 Max: 0.55
Current: -0.11

During the past 13 years, the highest Debt-to-Equity Ratio of 55 North Mining was 0.55. The lowest was -0.16. And the median was -0.05.

XCNQ:FFF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs XCNQ:FFF: -0.11

55 North Mining Debt-to-Equity Historical Data

The historical data trend for 55 North 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.

55 North Mining Debt-to-Equity Chart

55 North Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.55

0.01

-0.11

-0.16

-0.11

55 North Mining Quarterly Data
	Dec18	Mar19	Jun19	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															-0.16	-0.13	-0.22	-0.13	-0.11

Competitive Comparison of 55 North Mining's Debt-to-Equity

For the Gold subindustry, 55 North 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.

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

For the Metals & Mining industry and Basic Materials sector, 55 North Mining's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 55 North Mining's Debt-to-Equity falls into.

55 North Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

55 North 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	+	0.04)	/	-0.381
	=	-0.10

55 North 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	+	0.04)	/	-0.381
	=	-0.10

55 North Mining (XCNQ:FFF) 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.

55 North Mining Debt-to-Equity Related Terms

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55 North Mining (XCNQ:FFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 55 North Mining Inc (XCNQ:FFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Bay Street, Suite 2702, Toronto, ON, CAN, M5H 2Y4

Website

https://www.55northmining.com

55 North Mining Inc is engaged in the acquisition, exploration, development and extraction of natural resources, specifically precious metals. It is an exploration and development company advancing its high-grade Last Hope Gold Project located in Manitoba, Canada.

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