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Randgold & Exploration Co (JSE:RNG) Debt-to-Equity : 0.00 (As of Dec. 2023)


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What is Randgold & Exploration Co Debt-to-Equity?

Randgold & Exploration Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R0.00 Mil. Randgold & Exploration Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R0.00 Mil. Randgold & Exploration Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R64.61 Mil. Randgold & Exploration Co's debt to equity for the quarter that ended in Dec. 2023 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 Randgold & Exploration Co's Debt-to-Equity or its related term are showing as below:

JSE:RNG'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.

Randgold & Exploration Co Debt-to-Equity Historical Data

The historical data trend for Randgold & Exploration Co'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.

Randgold & Exploration Co Debt-to-Equity Chart

Randgold & Exploration Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
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Randgold & Exploration Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Randgold & Exploration Co's Debt-to-Equity

For the Gold subindustry, Randgold & Exploration Co'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.


Randgold & Exploration Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Randgold & Exploration Co's Debt-to-Equity falls into.



Randgold & Exploration Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Randgold & Exploration Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Randgold & Exploration Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Randgold & Exploration Co  (JSE:RNG) 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.


Randgold & Exploration Co Debt-to-Equity Related Terms

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Randgold & Exploration Co (JSE:RNG) Business Description

Traded in Other Exchanges
Address
114 West Street, Suite 25, Third Floor, Katherine & West Building, Sandown, Sandton, Johannesburg, ZAF, 2196
Randgold & Exploration Co Ltd is an investment holding company with assets in the Gold mining industry. Geographically it operates through the region of South Africa.