Northern Minerals & Exploration (NMEX) Debt Ratio (2010 - 2026)
Northern Minerals & Exploration (NMEX) posted Debt Ratio of 0.16 for Q2 2026, down 5.88% sequentially from 0.18 in Q1 2026, and down 63.41% YoY from 0.45 in Q2 2025.
Northern Minerals & Exploration (NMEX) Debt Ratio (2010 - 2026) Analysis & Trends
Northern Minerals & Exploration has reported Debt Ratio for 17 years, with the latest figure at 0.16 in Q2 2026.
- Quarterly Debt Ratio fell 63.41% year-over-year to 0.16 in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 0.16 (down 63.41% YoY) and the FY2025 annual result came in at 0.24, down 92.67% from the prior year.
- Debt Ratio declined to 0.16 in Q2 2026 per NMEX's latest filing, from 0.18 in the prior quarter.
- Over five years, Debt Ratio peaked at 40.86 in Q4 2023 and troughed at 0.16 in Q2 2026.
- A 5-year average of 9.33 and a median of 3.64 in 2025 frame the typical range for Debt Ratio.
- The sharpest annual moves came in 2023 and 2025: Debt Ratio surged 506.14% in 2023, then sank 97.21% in 2025.
- Over 5 years, Debt Ratio stood at 28.31 in 2022, then soared by 44.34% to 40.86 in 2023, then plunged by 80.26% to 8.07 in 2024, then tumbled by 97.21% to 0.23 in 2025, then decreased by 26.76% to 0.16 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.16, 0.18, and 0.23 for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Hecla Mining | 13.93 Bn | 13.44 Bn | 332.52 Mn | 0.00 |
| 2 | Buenaventura Mining | 8.96 Bn | 7.95 Bn | - | 0.12 |
| 3 | Triple Flag Precious Metals | 6.96 Bn | 6.95 Bn | 88.25 Mn | 0.09 |
| 4 | Perpetua Resources | 3.21 Bn | 3.21 Bn | - | - |
| 5 | Solaris Resources | 1.49 Bn | 1.44 Bn | - | - |
| 6 | Elemental Royalty | 1.43 Bn | 1.36 Bn | 15.71 Mn | - |
| 7 | McEwen | 1.26 Bn | 1.16 Bn | 20.08 Mn | 0.13 |
| 8 | Versamet Royalties | 1.14 Bn | 1.14 Bn | 13.99 Mn | 0.41 |
| 9 | Metalla Royalty & Streaming | 1.04 Bn | 1.03 Bn | 4.75 Mn | 0.05 |
| 10 | Northern Minerals & Exploration | 6.69 Mn | 6.67 Mn | 1,676.00 | 0.16 |
Historic Data
Download 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 | 0.45 |
| Jan 31, 2025 | 3.64 |
| Oct 31, 2024 | 8.07 |
| Jul 31, 2024 | 3.24 |
| Apr 30, 2024 | 2.03 |
| Jan 31, 2024 | 8.22 |
| Oct 31, 2023 | 40.86 |
| Jul 31, 2023 | 37.10 |
| 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 |
| Jul 31, 2021 | 112.72 |
| Apr 30, 2021 | 2.50 |
| Jan 31, 2021 | 1.68 |