Pinnacle Silver and Gold (TSXV:PINN) Debt-to-Equity : -0.12 (As of Jan. 2024)

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What is Pinnacle Silver and Gold Debt-to-Equity?

Pinnacle Silver and Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Pinnacle Silver and Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.04 Mil. Pinnacle Silver and Gold's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$-0.34 Mil. Pinnacle Silver and Gold's debt to equity for the quarter that ended in Jan. 2024 was -0.12.

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

TSXV:PINN' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.62 Med: 0.01 Max: 0.23
Current: -0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Pinnacle Silver and Gold was 0.23. The lowest was -0.62. And the median was 0.01.

TSXV:PINN's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:PINN: -0.12

Pinnacle Silver and Gold Debt-to-Equity Historical Data

The historical data trend for Pinnacle Silver and 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.

Pinnacle Silver and Gold Debt-to-Equity Chart

Pinnacle Silver and Gold Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.01

0.23

0.11

Pinnacle Silver and Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-0.30	0.11	0.22	-0.23	-0.12

Competitive Comparison of Pinnacle Silver and Gold's Debt-to-Equity

For the Gold subindustry, Pinnacle Silver and 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.

Pinnacle Silver and Gold's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Pinnacle Silver and Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pinnacle Silver and Gold's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(0.04	+	0)	/	0.38
	=	0.11

Pinnacle Silver and Gold's Debt to Equity Ratio for the quarter that ended in Jan. 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	+	0.04)	/	-0.344
	=	-0.12

Pinnacle Silver and Gold (TSXV:PINN) 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.

Pinnacle Silver and Gold Debt-to-Equity Related Terms

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

Pinnacle Silver and Gold (TSXV:PINN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pinnacle Silver and Gold Corp (TSXV:PINN) » Definitions » Debt-to-Equity

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NRGOF:USA

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 3B6

Website

https://www.newrangegold.com

Newrange Gold Corp has signed a binding Definitive Agreement for an RTO with ASX-listed Mithril Resources to create a new Americas-focused precious metals exploration & development company. The flagship project will be the high-grade gold-silver Copalquin Project in the Sierra Madre of Mexico. The Company will also continue to focus on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario. The past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. Both projects lie within 10-12 kilometres of the Springpole Gold Deposit currently under development by First Mining Gold.

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