TomaGold (TSXV:LOT) Debt-to-Equity : -0.23 (As of Feb. 2024)

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What is TomaGold Debt-to-Equity?

TomaGold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.23 Mil. TomaGold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. TomaGold's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$-0.98 Mil. TomaGold's debt to equity for the quarter that ended in Feb. 2024 was -0.23.

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

TSXV:LOT' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.28 Med: 0.03 Max: 0.38
Current: -0.23

During the past 13 years, the highest Debt-to-Equity Ratio of TomaGold was 0.38. The lowest was -0.28. And the median was 0.03.

TSXV:LOT's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:LOT: -0.23

TomaGold Debt-to-Equity Historical Data

The historical data trend for TomaGold'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.

TomaGold Debt-to-Equity Chart

TomaGold Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.01

0.22

0.01

0.38

TomaGold Quarterly Data
	May19	Aug19	Nov19	Feb20	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															-	-	0.38	-0.28	-0.23

Competitive Comparison of TomaGold's Debt-to-Equity

For the Gold subindustry, TomaGold'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.

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

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

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

TomaGold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TomaGold'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
	=	(0.025	+	0)	/	0.066
	=	0.38

TomaGold'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
	=	(0.229	+	0)	/	-0.981
	=	-0.23

TomaGold (TSXV:LOT) 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.

TomaGold Debt-to-Equity Related Terms

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

TomaGold (TSXV:LOT) Business Description

Industry

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

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Traded in Other Exchanges

TOGOF:USA OTM:Germany

Address

410, Rue Saint-Nicolas, Suite 236, Montreal, QC, CAN, H2Y 2P5

Website

https://www.tomagoldcorp.com

TomaGold Corp is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration, and development of gold mineral properties. The company holds an interest in Monster Lake property, Winchester property, Lac-a-l'Eau Jaune property, Sidace Lake gold property, Obalski property, Monster Lake East property, Hazeur property, Lac Cavan property, and Urban Lake project. The company operates through a single segment Exploration and evaluation of mineral resources.

TomaGold (TSXV:LOT) Headlines

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