Triple One Metals (XCNQ:TONE) Debt-to-Equity : 0.01 (As of Feb. 2024)

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What is Triple One Metals Debt-to-Equity?

Triple One Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Triple One Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Triple One Metals's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$0.30 Mil. Triple One Metals'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 Triple One Metals's Debt-to-Equity or its related term are showing as below:

XCNQ:TONE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.22
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Triple One Metals was 0.22. The lowest was 0.00. And the median was 0.00.

XCNQ:TONE's Debt-to-Equity is ranked better than
99.92% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:TONE: 0.01

Triple One Metals Debt-to-Equity Historical Data

The historical data trend for Triple One Metals'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.

Triple One Metals Debt-to-Equity Chart

Triple One Metals Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

0.22

0.01

Triple One Metals Quarterly Data
	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	-	-	0.01	0.01

Competitive Comparison of Triple One Metals's Debt-to-Equity

For the Gold subindustry, Triple One Metals'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.

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

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

* The bar in red indicates where Triple One Metals's Debt-to-Equity falls into.

Triple One Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Triple One Metals'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
	=	(0.002	+	0)	/	0.415
	=	0.00

Triple One Metals'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
	=	(0.002	+	0)	/	0.303
	=	0.01

Triple One Metals (XCNQ:TONE) 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.

Triple One Metals Debt-to-Equity Related Terms

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Triple One Metals (XCNQ:TONE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

55V1:Germany

Address

59 Payzant Drive, Windsor, NS, CAN, B0N 2T0

Website

http://www.tripleonemetals.com

Triple One Metals Inc is a mineral exploration company involved in the identification, acquisition, and exploration of mineral properties located in Atlantic Canada. The company is involved in exploring of precious and base metal deposits. Its projects include Caledonia Brook; Golden Eye; Manuels and Highfield.

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