Dakota Gold (FRA:RR6) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Dakota Gold Debt-to-Equity?

Dakota Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.12 Mil. Dakota Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.06 Mil. Dakota Gold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €89.30 Mil. Dakota Gold's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Dakota 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 Dakota Gold was 0.04. The lowest was 0.00. And the median was 0.00.

FRA:RR6'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.

Dakota Gold Debt-to-Equity Historical Data

The historical data trend for Dakota 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.

Dakota Gold Debt-to-Equity Chart

Dakota Gold Annual Data

Trend

Mar20

Mar21

Mar22

Dec23

Debt-to-Equity

0.04

Dakota Gold Quarterly Data
	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										-	-	-	-	-

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

For the Gold subindustry, Dakota 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.

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

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

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

Dakota Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dakota 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
	=	(0.124	+	0.087)	/	94.943
	=	0.00

Dakota Gold's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.122	+	0.056)	/	89.296
	=	0.00

Dakota Gold (FRA:RR6) 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.

Dakota Gold Debt-to-Equity Related Terms

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

Dakota Gold (FRA:RR6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dakota Gold Corp (FRA:RR6) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DC:USA

Address

106 Glendale Drive, Suite A, Lead, SD, USA, 57754

Website

https://www.dakotagoldcorp.com

Dakota Gold Corp is a gold exploration and development company with a specific focus on revitalizing the Homestake District in Lead, South Dakota. Dakota Gold has high-caliber gold mineral properties covering over 40 thousand acres surrounding the historic Homestake Mine.

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