Spey Resources (XCNQ:SPEY) Debt-to-Equity : 0.01 (As of May. 2024)

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What is Spey Resources Debt-to-Equity?

Spey Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was C$0.02 Mil. Spey Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was C$0.00 Mil. Spey Resources's Total Stockholders Equity for the quarter that ended in May. 2024 was C$2.65 Mil. Spey Resources's debt to equity for the quarter that ended in May. 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 Spey Resources's Debt-to-Equity or its related term are showing as below:

XCNQ:SPEY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.11
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Spey Resources was 0.11. The lowest was 0.00. And the median was 0.01.

XCNQ:SPEY's Debt-to-Equity is ranked better than
99.92% of 1282 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:SPEY: 0.01

Spey Resources Debt-to-Equity Historical Data

The historical data trend for Spey Resources'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.

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Spey Resources Debt-to-Equity Chart

Spey Resources Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.01

Spey Resources Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	0.01	0.01	0.01

Competitive Comparison of Spey Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Spey Resources'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.

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

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

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

Spey Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spey Resources'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
	=	(0.022	+	0)	/	2.995
	=	0.01

Spey Resources's Debt to Equity Ratio for the quarter that ended in May. 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
	=	(0.022	+	0)	/	2.648
	=	0.01

Spey Resources (XCNQ:SPEY) 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.

Spey Resources Debt-to-Equity Related Terms

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Spey Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spey Resources Corp (XCNQ:SPEY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SPEYF:USA 2JS0:Germany

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.speyresources.ca

Spey Resources Corp is a mineral exploration company. The company is engaged in the principal business activities of the acquisition and exploration of mineral property assets. It has an interest in the Kaslo Silver property, and Candella II project.

Executives

Nader Vatanchi	Director, Senior Officer
Phillip Thomas	Senior Officer
Tracy Mabone	Senior Officer
Marshall Farris	10% Security Holder

Spey Resources Headlines

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