Victoria Gold (TSX:VGCX) Debt-to-Equity : 0.41 (As of Dec. 2023)

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What is Victoria Gold Debt-to-Equity?

Victoria Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$46.7 Mil. Victoria Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$193.0 Mil. Victoria Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$589.4 Mil. Victoria Gold's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

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

TSX:VGCX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.44 Max: 0.73
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Victoria Gold was 0.73. The lowest was 0.41. And the median was 0.44.

TSX:VGCX's Debt-to-Equity is ranked worse than
71.32% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:VGCX: 0.41

Victoria Gold Debt-to-Equity Historical Data

The historical data trend for Victoria 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.

* Premium members only.

Victoria Gold Debt-to-Equity Chart

Victoria Gold Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.44

0.73

0.43

0.46

0.41

Victoria Gold Quarterly Data
	Feb19	May19	Aug19	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															0.46	0.49	0.46	0.43	0.41

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

For the Gold subindustry, Victoria 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.

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

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

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

Victoria Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Victoria Gold'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
	=	(46.692	+	192.954)	/	589.381
	=	0.41

Victoria Gold'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
	=	(46.692	+	192.954)	/	589.381
	=	0.41

Victoria Gold (TSX:VGCX) 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.

Victoria Gold Debt-to-Equity Related Terms

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

Victoria Gold (TSX:VGCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Victoria Gold Corp (TSX:VGCX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VITFF:USA VI9A:Germany

Address

80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4

Website

https://www.vitgoldcorp.com

Victoria Gold Corp is engaged in the acquisition, evaluation, and exploration of mineral properties. Its mining project includes The Eagle Gold Project in Yukon Canada. Eagle is an open pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse. The exploration potential of the company's 100% owned greater Dublin Gulch property is good and includes priority targets Olive-Shamrock and Nugget-Raven.

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