Amerigo Resources (TSX:ARG) Debt-to-Equity : 0.20 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Amerigo Resources Debt-to-Equity?

Amerigo Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$13.8 Mil. Amerigo Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$14.0 Mil. Amerigo Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$140.7 Mil. Amerigo Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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

TSX:ARG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.61 Max: 0.8
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Amerigo Resources was 0.80. The lowest was 0.20. And the median was 0.61.

TSX:ARG's Debt-to-Equity is ranked worse than
57.13% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:ARG: 0.20

Amerigo Resources Debt-to-Equity Historical Data

The historical data trend for Amerigo 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.

Amerigo Resources Debt-to-Equity Chart

Amerigo Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.61

0.54

0.24

0.22

0.20

Amerigo Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.22	0.22	0.17	0.19	0.20

Competitive Comparison of Amerigo Resources's Debt-to-Equity

For the Copper subindustry, Amerigo 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.

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

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

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

Amerigo Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Amerigo Resources's Debt to Equity Ratio for the fiscal year 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
	=	(13.823	+	13.966)	/	140.671
	=	0.20

Amerigo 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
	=	(13.823	+	13.966)	/	140.671
	=	0.20

Amerigo Resources (TSX:ARG) 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.

Amerigo Resources Debt-to-Equity Related Terms

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

Amerigo Resources (TSX:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amerigo Resources Ltd (TSX:ARG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ARREF:USA RE8:Germany

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.amerigoresources.com

Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central S.A. The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.

Amerigo Resources (TSX:ARG) Headlines

No Headlines