Lincoln Gold Mining (Lincoln Gold Mining) Debt-to-Equity : -0.55 (As of Sep. 2023)

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What is Lincoln Gold Mining Debt-to-Equity?

Lincoln Gold Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.68 Mil. Lincoln Gold Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.09 Mil. Lincoln Gold Mining's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-1.40 Mil. Lincoln Gold Mining's debt to equity for the quarter that ended in Sep. 2023 was -0.55.

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 Lincoln Gold Mining's Debt-to-Equity or its related term are showing as below:

LNCLF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.38 Med: -0.49 Max: -0.23
Current: -0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Lincoln Gold Mining was -0.23. The lowest was -1.38. And the median was -0.49.

LNCLF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs LNCLF: -0.55

Lincoln Gold Mining Debt-to-Equity Historical Data

The historical data trend for Lincoln Gold Mining'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.

Lincoln Gold Mining Debt-to-Equity Chart

Lincoln Gold Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.33

-0.46

-0.43

-0.54

-0.45

Lincoln Gold Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.48	-0.45	-0.49	-0.62	-0.55

Competitive Comparison of Lincoln Gold Mining's Debt-to-Equity

For the Gold subindustry, Lincoln Gold Mining'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.

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

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

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

Lincoln Gold Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lincoln Gold Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.844	+	0)	/	-1.887
	=	-0.45

Lincoln Gold Mining's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.678	+	0.094)	/	-1.403
	=	-0.55

Lincoln Gold Mining (OTCPK:LNCLF) 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.

Lincoln Gold Mining Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Lincoln Gold Mining's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Lincoln Gold Mining (Lincoln Gold Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lincoln Gold Mining Inc (OTCPK:LNCLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LMG:Canada

Address

789 West Pender Street, Suite 400, Vancouver, BC, CAN, V6C 1H2

Website

http://www.lincolnmining.com

Lincoln Gold Mining Inc is a precious metal exploration and development company. It holds an interest in several projects which are in various stages of exploration which include the Pine Grove property located in Nevada, USA, and the Shawinigan located in Canada. The company operates through a single segment which is the Acquisition, exploration, and evaluation of mineral properties. The Company operates within two geographic areas - the United States of America and Canada.

Executives

Andrew Milligan	director	5811 MARQUERITE ST, VANCOUVER BC A1 9999999999
Paul F Saxton	director, 10 percent owner, officer: CEO CFO Pres. Sec. & Treasurer	SUITE 350 - 885 DUNSMUIR, VANCOUVER A1 V6C 1N5
Jeffrey Wilson	officer: COO and VP, Exploration	325 TAHOE DRIVE, CARSON CITY NV 89703
Andrew Bowering	director	SUITE 350, 885 DUNSMUIR STREET, VANCOUVER A1 V6C 1N5
James Chapman	director	1455 UPLAND TRAIL, PO BOX J18, BOWEN ISLAND BC A1 999999999
Steven Chi	director	12970 WEST GINGER CREEK DRIVE, BOISE ID 83713
James Currie	director	2077 ESSEX DR, ABBOTSFORD A1 999999999
Alexander Holtermann	10 percent owner	KRANICHSTEINER STR 21, 60598 FRANKFURT AM MAIN 2M 60598