Northern Minerals & Exploration (NMEX) Debt Ratio (2010 - 2026)
Northern Minerals & Exploration's Debt Ratio was 0.16 in fiscal Q3 2026 (quarter ended Apr 30, 2026), down 76.9% from 0.71 a year earlier and down 5.9% from the prior quarter.
Powered by 
Analysis
Northern Minerals & Exploration (NMEX) Debt Ratio (2010 - 2026) Analysis & Trends
For FY2025 (ended Jul 31, 2025), Debt Ratio at Northern Minerals & Exploration came in at 0.24, down 92.7% from FY2024.
- In earlier fiscal years, Debt Ratio was 3.24 in FY2024 (-91.3%), 37.25 in FY2023 (+508.5%), 6.12 in FY2022 (-94.6%) and 112.72 in FY2021.
- The fiscal Q3 2026 figure marks the lowest quarterly Debt Ratio since fiscal Q4 2016.
- Compared with a year earlier, Debt Ratio has declined for nine straight quarters, with an average decline of 77.9% over the last eight quarters.
- The best year-over-year quarter for Debt Ratio over five years was fiscal Q4 2023 (growth of 508.5%); the worst was fiscal Q2 2026 (a decline of 97.3%).
- Per Business Quant data, NMEX's Debt Ratio in the three fiscal quarters before Q3 2026 was 0.18 (Q2 2026), 0.23 (Q1 2026) and 0.24 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 742.51 Bn | 698.99 Bn | - | 0.09 |
| 2 | Chevron | 445.06 Bn | 417.18 Bn | 33.45 Bn | 0.11 |
| 3 | Shell | 310.78 Bn | 240.53 Bn | 30.13 Bn | 0.19 |
| 4 | TotalEnergies SE | 197.34 Bn | 77.92 Bn | 61.77 Bn | 0.20 |
| 5 | Conocophillips | 177.35 Bn | 150.05 Bn | 12.81 Bn | 0.19 |
| 6 | Equinor Asa | 118.67 Bn | 33.12 Bn | - | 17.84 |
| 7 | Phillips 66 | 116.93 Bn | 104.72 Bn | 8.38 Bn | 0.25 |
| 8 | Canadian Natural Resources | 113.22 Bn | 110.23 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 95.47 Bn | 81.22 Bn | - | 0.10 |
| 10 | Northern Minerals & Exploration | 4.46 Mn | 4.42 Mn | 1,676.00 | 0.16 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 0.16 |
| Jan 31, 2026 | 0.18 |
| Oct 31, 2025 | 0.23 |
| Jul 31, 2025 | 0.24 |
| Apr 30, 2025 | 0.71 |
| Jan 31, 2025 | 6.43 |
| Oct 31, 2024 | 8.07 |
| Jul 31, 2024 | 3.24 |
| Apr 30, 2024 | 2.05 |
| Jan 31, 2024 | 8.32 |
| Oct 31, 2023 | 40.86 |
| Jul 31, 2023 | 37.25 |
| Apr 30, 2023 | 12.56 |
| Jan 31, 2023 | 3.79 |
| Oct 31, 2022 | 28.31 |
| Jul 31, 2022 | 6.12 |
| Apr 30, 2022 | 3.50 |
| Jan 31, 2022 | 1.67 |
| Oct 31, 2021 | 5.00 |
| Jul 31, 2021 | 162.57 |
API Access
Northern Minerals & Exploration Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NMEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NMEX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NMEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();