Norsemont Mining (XCNQ:NOM) Debt-to-Equity : 0.06 (As of Sep. 2023)

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What is Norsemont Mining Debt-to-Equity?

Norsemont Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$1.29 Mil. Norsemont Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Norsemont Mining's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$23.61 Mil. Norsemont Mining's debt to equity for the quarter that ended in Sep. 2023 was 0.05.

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

XCNQ:NOM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.07
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Norsemont Mining was 0.07. The lowest was 0.00. And the median was 0.05.

XCNQ:NOM's Debt-to-Equity is ranked better than
63.64% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:NOM: 0.06

Norsemont Mining Debt-to-Equity Historical Data

The historical data trend for Norsemont 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.

Norsemont Mining Debt-to-Equity Chart

Norsemont Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.05

Norsemont Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.05	0.05	0.07	0.07	0.06

Competitive Comparison of Norsemont Mining's Debt-to-Equity

For the Gold subindustry, Norsemont 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.

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

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

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

Norsemont Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Norsemont Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(1.295	+	0.012)	/	24.317
	=	0.05

Norsemont Mining's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.286	+	0.001)	/	23.613
	=	0.05

Norsemont Mining (XCNQ:NOM) 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.

Norsemont Mining Debt-to-Equity Related Terms

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Norsemont Mining (XCNQ:NOM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NRRSF:USA LXZ1:Germany

Address

700 West Pender Street, Suite 610, Vancouver, BC, CAN, V6C 1G8

Website

https://www.norsemont.com

Norsemont Mining Inc. comprises experienced natural resource professionals focused on growing shareholder value and fast-tracking its flagship project through to bankable feasibility. Norsemont owns a 100-per-cent interest in the Choquelimpie gold-silver project in northern Chile. The company's mining properties are located in Canada (Burge Lake Project) and Chile (Choquelimpie). Choquelimpie has over 1,700 drill holes, with substantial existing infrastructure. Other reportable segments consist of the Burge Lake Project.