Ridgestone Mining (TSXV:RMI) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Ridgestone Mining Debt-to-Equity?

Ridgestone Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil. Ridgestone Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil. Ridgestone Mining's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$1.00 Mil. Ridgestone Mining's debt to equity for the quarter that ended in Jun. 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 Ridgestone Mining's Debt-to-Equity or its related term are showing as below:

TSXV:RMI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.12 Max: 0.3
Current: 0.36

During the past 7 years, the highest Debt-to-Equity Ratio of Ridgestone Mining was 0.30. The lowest was 0.03. And the median was 0.12.

TSXV:RMI's Debt-to-Equity is ranked worse than
69.19% of 1282 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:RMI: 0.36

Ridgestone Mining Debt-to-Equity Historical Data

The historical data trend for Ridgestone 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.

Ridgestone Mining Debt-to-Equity Chart

Ridgestone Mining Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

Ridgestone Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.29	0.30	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Ridgestone 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.

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

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

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

Ridgestone Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ridgestone Mining'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	+	0)	/	1.139
	=	0.00

Ridgestone Mining's Debt to Equity Ratio for the quarter that ended in Jun. 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)	/	0.998
	=	0.00

Ridgestone Mining (TSXV:RMI) 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.

Ridgestone Mining Debt-to-Equity Related Terms

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

Ridgestone Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ridgestone Mining Inc (TSXV:RMI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RIGMF:USA 4U50:Germany

Address

905 West Pender Street, Suite 503, Vancouver, BC, CAN, V6C 1L6

Website

https://www.ridgestonemining.com

Ridgestone Mining Inc is a mining company. The Company's business plan is to acquire, explore and develop mineral properties and ultimately seek earnings by exploiting mineral claims. It is engaged in the business of exploration of mineral properties in North America. It holds an interest in Cimarron gold property, Rebeico Property, Guadalupe y Calvo Property, and Alaska Property.

Executives

Jonathan George	Director
Hsin-chen Liu	Director
Yen Hua Yi	10% Security Holder
Ronnie Floyd Birch	Director

Ridgestone Mining Headlines

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