Kirkland Lake Gold (Kirkland Lake Gold) Debt-to-Equity : 0.00 (As of Sep. 2021)

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What is Kirkland Lake Gold Debt-to-Equity?

Kirkland Lake Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $6 Mil. Kirkland Lake Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $17 Mil. Kirkland Lake Gold's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $5,334 Mil. Kirkland Lake Gold's debt to equity for the quarter that ended in Sep. 2021 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 Kirkland Lake Gold's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Kirkland Lake Gold was 0.67. The lowest was 0.00. And the median was 0.08.

KL's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Kirkland Lake Gold Debt-to-Equity Historical Data

The historical data trend for Kirkland Lake Gold'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.

Kirkland Lake Gold Debt-to-Equity Chart

Kirkland Lake Gold Annual Data

Trend

Apr11

Apr12

Apr13

Apr14

Apr15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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0.13

0.03

0.02

0.01

Kirkland Lake Gold Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	-

Competitive Comparison of Kirkland Lake Gold's Debt-to-Equity

For the Gold subindustry, Kirkland Lake Gold'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.

Kirkland Lake Gold's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Kirkland Lake Gold's Debt-to-Equity falls into.

Kirkland Lake Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kirkland Lake Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(6.896	+	19.275)	/	5084.931
	=	0.01

Kirkland Lake Gold's Debt to Equity Ratio for the quarter that ended in Sep. 2021 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
	=	(5.703	+	17.081)	/	5334.041
	=	0.00

Kirkland Lake Gold (NYSE:KL) 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.

Kirkland Lake Gold Debt-to-Equity Related Terms

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Kirkland Lake Gold (Kirkland Lake Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kirkland Lake Gold Ltd (NYSE:KL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Bay Street, Suite 2800, Toronto, ON, CAN, M5J 2J1

Website

https://www.klgold.com

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.