Western Gold Resources (ASX:WGR) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Western Gold Resources Debt-to-Equity?

Western Gold Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Western Gold Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Western Gold Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2.40 Mil. Western Gold Resources's debt to equity for the quarter that ended in Dec. 2023 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 Western Gold Resources's Debt-to-Equity or its related term are showing as below:

ASX:WGR'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.

Western Gold Resources Debt-to-Equity Historical Data

The historical data trend for Western Gold Resources'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.

Western Gold Resources Debt-to-Equity Chart

Western Gold Resources Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

18.56

Western Gold Resources Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Western Gold Resources's Debt-to-Equity

For the Gold subindustry, Western Gold Resources'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.

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

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

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

Western Gold Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Western Gold Resources'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)	/	1.03
	=	0.00

Western Gold Resources's Debt to Equity Ratio for the quarter that ended in Dec. 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)	/	2.4
	=	0.00

Western Gold Resources (ASX:WGR) 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.

Western Gold Resources Debt-to-Equity Related Terms

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

Western Gold Resources (ASX:WGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Gold Resources Ltd (ASX:WGR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

46 Colin Street, Level 4, West Perth, Perth, AUS, 6005

Website

https://www.westerngoldresources.com.au

Western Gold Resources Ltd focuses on the exploration of gold properties in Western Australia and West Africa. The company intends to explore the Wiluna West Gold Project located near the town of Wiluna in the Midwest region of Western Australia.

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