79North (XCNQ:JQ) Debt-to-Equity : -0.01 (As of Feb. 2024)

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What is 79North Debt-to-Equity?

79North's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. 79North's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.02 Mil. 79North's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$-1.12 Mil. 79North's debt to equity for the quarter that ended in Feb. 2024 was -0.01.

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 79North's Debt-to-Equity or its related term are showing as below:

XCNQ:JQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.29 Med: -0.15 Max: -0.01
Current: -0.01

During the past 5 years, the highest Debt-to-Equity Ratio of 79North was -0.01. The lowest was -0.29. And the median was -0.15.

XCNQ:JQ's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs XCNQ:JQ: -0.01

79North Debt-to-Equity Historical Data

The historical data trend for 79North'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.

79North Debt-to-Equity Chart

79North Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

-0.29

79North Quarterly Data
	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														-	-	-	-	-0.01

Competitive Comparison of 79North's Debt-to-Equity

For the Gold subindustry, 79North'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.

79North's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, 79North's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 79North's Debt-to-Equity falls into.

79North Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

79North'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)	/	-1.06
	=	0.00

79North'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	+	0.015)	/	-1.117
	=	-0.01

79North (XCNQ:JQ) 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.

79North Debt-to-Equity Related Terms

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79North (XCNQ:JQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 79North Inc (XCNQ:JQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SVNTF:USA

Address

82 Richmond Street East, Suite 306, Toronto, ON, CAN, M5C 1P1

Website

https://www.79north.ca

79North Inc is a mineral exploration company focused on the acquisition, exploration, and development of properties for the mining of gold and other minerals. It holds an interest in the Suriname property. The Company primarily operates in one reportable operating segment, the exploration and evaluation of gold properties in Suriname.

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