Metalite Resources (XCNQ:METL) Debt-to-Equity : -0.15 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Metalite Resources Debt-to-Equity?

Metalite Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.01 Mil. Metalite Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.05 Mil. Metalite Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.37 Mil. Metalite Resources's debt to equity for the quarter that ended in Dec. 2023 was -0.15.

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 Metalite Resources's Debt-to-Equity or its related term are showing as below:

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

During the past 5 years, the highest Debt-to-Equity Ratio of Metalite Resources was -0.15. The lowest was -0.15. And the median was -0.15.

XCNQ:METL's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs XCNQ:METL: -0.15

Metalite Resources Debt-to-Equity Historical Data

The historical data trend for Metalite Resources'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.

Metalite Resources Debt-to-Equity Chart

Metalite Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.15

Metalite Resources Quarterly Data
	Jun19	Sep19	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														-	-	-0.13	-0.09	-0.15

Competitive Comparison of Metalite Resources's Debt-to-Equity

For the Gold subindustry, Metalite Resources'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.

Metalite Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Metalite Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Metalite Resources'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
	=	(0.009	+	0.046)	/	-0.372
	=	-0.15

Metalite Resources'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
	=	(0.009	+	0.046)	/	-0.372
	=	-0.15

Metalite Resources (XCNQ:METL) 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.

Metalite Resources Debt-to-Equity Related Terms

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

Metalite Resources (XCNQ:METL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metalite Resources Inc (XCNQ:METL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JNCCF:USA

Address

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

Website

https://www.roogoldinc.com

Metalite Resources Inc is in the exploration for mineral resources in New South Wales, Australia.

Metalite Resources (XCNQ:METL) Headlines

No Headlines