Fairchild Gold (TSXV:FAIR) Debt-to-Equity : 1.36 (As of Feb. 2024)

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What is Fairchild Gold Debt-to-Equity?

Fairchild Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.05 Mil. Fairchild Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Fairchild Gold's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$0.04 Mil. Fairchild Gold's debt to equity for the quarter that ended in Feb. 2024 was 1.36.

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

TSXV:FAIR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.1 Max: 3.33
Current: 1.36

During the past 4 years, the highest Debt-to-Equity Ratio of Fairchild Gold was 3.33. The lowest was 0.04. And the median was 0.10.

TSXV:FAIR's Debt-to-Equity is ranked worse than
91.54% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:FAIR: 1.36

Fairchild Gold Debt-to-Equity Historical Data

The historical data trend for Fairchild 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.

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Fairchild Gold Debt-to-Equity Chart

Fairchild Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

0.04

3.33

0.04

Fairchild Gold Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial											-	-	0.04	0.06	1.36

Competitive Comparison of Fairchild Gold's Debt-to-Equity

For the Gold subindustry, Fairchild 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.

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

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

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

Fairchild Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fairchild Gold's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(0.006	+	0)	/	0.158
	=	0.04

Fairchild Gold's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(0.049	+	0)	/	0.036
	=	1.36

Fairchild Gold (TSXV:FAIR) 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.

Fairchild Gold Debt-to-Equity Related Terms

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

Fairchild Gold (TSXV:FAIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fairchild Gold Corp (TSXV:FAIR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

789 West, Pender Street, Suite 1010, Vancouver, BC, CAN, V6C 1H2

Website

https://www.fairchildgold.com

Fairchild Gold Corp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada ,specifically gold, in North America. The Fairchild Lake Property located in the Patricia Mining Division, north-western Ontario consists of 25 single-cell and multi-cell claims. The Property lies in the western arm of the Savant Lake greenstone belt.

Executives

Victor Cantore

Director

Fairchild Gold (TSXV:FAIR) Headlines

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