Newfoundland Discovery (XCNQ:NEWD) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Newfoundland Discovery Debt-to-Equity?

Newfoundland Discovery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Newfoundland Discovery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Newfoundland Discovery's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$11.08 Mil. Newfoundland Discovery's debt to equity for the quarter that ended in Jan. 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 Newfoundland Discovery's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Newfoundland Discovery was 0.10. The lowest was 0.08. And the median was 0.08.

XCNQ:NEWD's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Newfoundland Discovery Debt-to-Equity Historical Data

The historical data trend for Newfoundland Discovery'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.

Newfoundland Discovery Debt-to-Equity Chart

Newfoundland Discovery Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.08

Newfoundland Discovery Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Newfoundland Discovery's Debt-to-Equity

For the Gold subindustry, Newfoundland Discovery'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.

Newfoundland Discovery's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Newfoundland Discovery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Newfoundland Discovery's Debt to Equity Ratio for the fiscal year that ended in Apr. 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)	/	13.532
	=	0.00

Newfoundland Discovery's Debt to Equity Ratio for the quarter that ended in Jan. 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)	/	11.083
	=	0.00

Newfoundland Discovery (XCNQ:NEWD) 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.

Newfoundland Discovery Debt-to-Equity Related Terms

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Newfoundland Discovery (XCNQ:NEWD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newfoundland Discovery Corp (XCNQ:NEWD) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

NEWDF:USA M4K:Germany

Address

838 West Hastings Street,, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://newfoundlanddiscovery.ca

Newfoundland Discovery Corp is a junior mining exploration company. Its projects include the Grup Property, Bursey Property, Rodger's Cove Property, Johnathan's Pond Properties, Eastern Point Property, Wigwam Property, Goldson Gold Property, and the Southwest Pond Gold Property in Newfoundland; the Northbound Property, Northbound Extension, Southern Star Property, Valentine Mountain Property, Bouvier Property and the Chubb Lithium Property in Quebec.

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