Kingsview Minerals (XCNQ:KVM) Debt-to-Equity : -0.56 (As of Mar. 2024)

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What is Kingsview Minerals Debt-to-Equity?

Kingsview Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.12 Mil. Kingsview Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Kingsview Minerals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$-0.22 Mil. Kingsview Minerals's debt to equity for the quarter that ended in Mar. 2024 was -0.56.

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

XCNQ:KVM' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.85 Med: -0.7 Max: -0.56
Current: -0.56

During the past 4 years, the highest Debt-to-Equity Ratio of Kingsview Minerals was -0.56. The lowest was -0.85. And the median was -0.70.

XCNQ:KVM's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs XCNQ:KVM: -0.56

Kingsview Minerals Debt-to-Equity Historical Data

The historical data trend for Kingsview 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.

Kingsview Minerals Debt-to-Equity Chart

Kingsview Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.85

Kingsview Minerals Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									-	-	-	-0.85	-0.56

Competitive Comparison of Kingsview Minerals's Debt-to-Equity

For the Gold subindustry, Kingsview 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.

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

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

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

Kingsview Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kingsview Minerals'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
	=	(0.12	+	0)	/	-0.142
	=	-0.85

Kingsview Minerals's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.12	+	0)	/	-0.215
	=	-0.56

Kingsview Minerals (XCNQ:KVM) 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.

Kingsview Minerals Debt-to-Equity Related Terms

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Kingsview Minerals (XCNQ:KVM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingsview Minerals Ltd (XCNQ:KVM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0L4:Germany

Address

580 Hornby Street, Suite 510, Vancouver, BC, CAN, V6C 3B6

Website

https://www.kingsviewminerals.ca

Kingsview Minerals Ltd is a mineral exploration company. The company is focused on its portfolio of gold exploration properties. The Company has acquired a portfolio of properties in the Wawa mining district of Ontario. It holds an interest in Echum and Hubcap projects, located in the southern part of the Wawa Greenstone belt. The business of the Company is the acquisition and exploration of resource properties. The Company's business activity is the acquisition and exploration of exploration and evaluation assets in Canada.

Kingsview Minerals (XCNQ:KVM) Headlines

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