ESGold (XCNQ:ESAU) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is ESGold Debt-to-Equity?

ESGold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.17 Mil. ESGold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.04 Mil. ESGold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$5.59 Mil. ESGold's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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

XCNQ:ESAU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 4.46
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of ESGold was 4.46. The lowest was 0.01. And the median was 0.03.

XCNQ:ESAU's Debt-to-Equity is ranked better than
70.64% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:ESAU: 0.04

ESGold Debt-to-Equity Historical Data

The historical data trend for ESGold'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.

ESGold Debt-to-Equity Chart

ESGold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.10

4.46

0.01

ESGold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.03	0.04	0.04

Competitive Comparison of ESGold's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, ESGold'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.

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

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

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

ESGold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ESGold's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	0.04)	/	5.712
	=	0.01

ESGold's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.169	+	0.04)	/	5.586
	=	0.04

ESGold (XCNQ:ESAU) 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.

ESGold Debt-to-Equity Related Terms

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

ESGold (XCNQ:ESAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ESGold Corp (XCNQ:ESAU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SEKZF:USA Z7D:Germany Z7D:Germany

Address

1500 - 1055 West Georgia Street, Vancouver, BC, CAN, V6E 4N7

Website

http://www.esgold.ca

ESGold Corp is a Canadian environmentally aware resource exploration and processing company. ESGold's principal restoration and recovery project is the Montauban property situated in Quebec, just 80 kilometers west of Quebec City. The Company's main exploration focus is its 100% ownership of the Eagle River project, which is adjacent to and on-trend to several gold projects in the Windfall Lake district of Urban Barry in Quebec.

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