Siren Gold (ASX:SNG) Debt-to-Equity : 0.01 (As of Jun. 2023)

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What is Siren Gold Debt-to-Equity?

Siren Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.08 Mil. Siren Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.02 Mil. Siren Gold's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$17.72 Mil. Siren Gold's debt to equity for the quarter that ended in Jun. 2023 was 0.01.

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

During the past 4 years, the highest Debt-to-Equity Ratio of Siren Gold was 0.01. The lowest was 0.00. And the median was 0.00.

ASX:SNG'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.

Siren Gold Debt-to-Equity Historical Data

The historical data trend for Siren 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.

Siren Gold Debt-to-Equity Chart

Siren Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

Siren Gold Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-	0.01	0.01	0.01	-

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

For the Gold subindustry, Siren 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.

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

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

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

Siren Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Siren 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
	=	(0.039	+	0.012)	/	18.771
	=	0.00

Siren Gold's Debt to Equity Ratio for the quarter 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
	=	(0.079	+	0.02)	/	17.724
	=	0.01

Siren Gold (ASX:SNG) 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.

Siren Gold Debt-to-Equity Related Terms

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

Siren Gold (ASX:SNG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

295 Rokeby Road, Suite 1, Subiaco, Perth, WA, AUS, 6008

Website

https://www.sirengold.com.au

Siren Gold Ltd is engaged in the exploration and development of gold properties in New Zealand. The company holds Big River, Reefton gold, Alexander River, Reefton South, Auld creek, Cumberland, and other projects in its portfolio.

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