RE:RE:RE:For every $1 Chalice owns, it owes >$68 in debt due NOV 2022Thank you for explaining. My name is Joseph. I live in northern Ontario and currently have 50,000 shares at $0.42/share. Sorry to disappoint, but I'm not blazer. I'm new to investing and am just trying to learn as much as I can, as fast as I can. That is why I appriciate you replying to my post.
Can you please explain why Yahoo posts this:
Balance Sheet
| Total Cash (mrq) | 741.17k |
| Total Cash Per Share (mrq) | 0.01 |
| Total Debt (mrq) | 11.56M |
| Total Debt/Equity (mrq) | 68.87 |
and also this:
Balance Sheet
All numbers in thousands 9/30/2021
6/30/2021
3/31/2021
Cash, Cash Equivalents & Short Term Investments
491.17
1,828
10,475
Cash And Cash Equivalents
491.17
1,828
10,475
After some quick reading, I don't know why liquid cash is relavant still don't understand how we land on 68.87. I'll explain...
Taking TheCanadianDude's copy/paste from investopedia, we learn that D/E is "calculated by dividing a company's total liabilities by its shareholder equity". After clicking on "shareholder liability":
What Is Shareholder Equity (SE)?
The term shareholder equity (SE) refers to a company's net worth or the total dollar amount that would be returned to its shareholders if the company is liquidated after all debts are paid off. As such, SE is the owners' residual claim on assets after all debts are satisfied. Shareholder equity is equal to a firm's total assets minus its total liabilities.
SE = 44,366 - 27,575
SE = 16,791
D/E = 27,575 / 16,791
D/E = 1.64
I'm not trying to start an argument. I'm honestly just trying to understand how to calculate 68.87. I am seeing things incorrectly. If you can, please help me see them correctly. Thanks.