ZEB Nickel (ZEB Nickel) Debt-to-Equity : 0.27 (As of Sep. 2023)

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What is ZEB Nickel Debt-to-Equity?

ZEB Nickel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.89 Mil. ZEB Nickel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. ZEB Nickel's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $3.30 Mil. ZEB Nickel's debt to equity for the quarter that ended in Sep. 2023 was 0.27.

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 ZEB Nickel's Debt-to-Equity or its related term are showing as below:

ZBNIF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.14 Max: 0.27
Current: 0.27

During the past 2 years, the highest Debt-to-Equity Ratio of ZEB Nickel was 0.27. The lowest was 0.11. And the median was 0.14.

ZBNIF's Debt-to-Equity is ranked worse than
63.57% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ZBNIF: 0.27

ZEB Nickel Debt-to-Equity Historical Data

The historical data trend for ZEB Nickel'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.

ZEB Nickel Debt-to-Equity Chart

ZEB Nickel Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.11

0.16

ZEB Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial					0.13	0.15	0.16	0.17	0.27

Competitive Comparison of ZEB Nickel's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, ZEB Nickel'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.

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

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

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

ZEB Nickel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ZEB Nickel'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
	=	(0.591	+	0)	/	3.686
	=	0.16

ZEB Nickel'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
	=	(0.885	+	0)	/	3.297
	=	0.27

ZEB Nickel (OTCPK:ZBNIF) 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.

ZEB Nickel Debt-to-Equity Related Terms

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

ZEB Nickel (ZEB Nickel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ZEB Nickel Corp (OTCPK:ZBNIF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ZBNI:Canada

Address

4 King Street West, Suite 401, Toronto, ON, CAN, M5H 1B6

Website

ZEB Nickel Corp is a mineral exploration company. It controls the rights to the Zebediela Nickel Project located in the Limpopo Province in the Republic of South Africa.

ZEB Nickel (ZEB Nickel) Headlines

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