E2Gold (E2Gold) Debt-to-Asset : 0.61 (As of Jan. 2024)

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What is E2Gold Debt-to-Asset?

E2Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.17 Mil. E2Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. E2Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jan. 2024 was $0.28 Mil. E2Gold's debt to asset for the quarter that ended in Jan. 2024 was 0.60.

E2Gold Debt-to-Asset Historical Data

The historical data trend for E2Gold's Debt-to-Asset 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.

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E2Gold Debt-to-Asset Chart

E2Gold Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Debt-to-Asset

0.26

0.53

E2Gold Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Asset	Get a 7-Day Free Trial												-	0.35	0.53	0.68	0.61

Competitive Comparison of E2Gold's Debt-to-Asset

For the Gold subindustry, E2Gold's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

E2Gold's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, E2Gold's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where E2Gold's Debt-to-Asset falls into.

E2Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

E2Gold's Debt-to-Asset for the fiscal year that ended in Jul. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.16	+	0)	/	0.305
	=	0.52

E2Gold's Debt-to-Asset for the quarter that ended in Jan. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.17	+	0)	/	0.281
	=	0.60

E2Gold (OTCPK:ETUGF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

E2Gold Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of E2Gold's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

E2Gold (E2Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » E2Gold Inc (OTCPK:ETUGF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ETU:Canada

Address

8 King Street East, Suite 1700, Toronto, ON, CAN, M5C 1B5

Website

https://www.e2gold.ca

E2Gold Inc. is engaged in acquisition, exploration and evaluation of gold and other mineral properties. The company's projects include Hawkins project, which is located in northern Ontario and Band-Ore project, which is located in west of Thunder Bay, Ontario.