Lexington Gold (LSE:LEX) Debt-to-Equity : 0.15 (As of Jun. 2023)

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What is Lexington Gold Debt-to-Equity?

Lexington Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.42 Mil. Lexington Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil. Lexington Gold's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £2.84 Mil. Lexington Gold's debt to equity for the quarter that ended in Jun. 2023 was 0.15.

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

LSE:LEX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.13 Max: 0.15
Current: 0.15

During the past 5 years, the highest Debt-to-Equity Ratio of Lexington Gold was 0.15. The lowest was 0.11. And the median was 0.13.

LSE:LEX's Debt-to-Equity is ranked worse than
51.96% of 1303 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LSE:LEX: 0.15

Lexington Gold Debt-to-Equity Historical Data

The historical data trend for Lexington 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.

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Lexington Gold Debt-to-Equity Chart

Lexington Gold Annual Data

Trend

Jun18

Jun19

Dec20

Dec21

Dec22

Debt-to-Equity

Lexington Gold Semi-Annual Data
	Dec18	Jun19	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial				-	-	0.11	-	0.15

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

For the Gold subindustry, Lexington 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.

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

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

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

Lexington Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lexington Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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)	/	3.275
	=	0.00

Lexington 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
	=	(0.421	+	0)	/	2.836
	=	0.15

Lexington Gold (LSE:LEX) 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.

Lexington Gold Debt-to-Equity Related Terms

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

Lexington Gold (LSE:LEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lexington Gold Ltd (LSE:LEX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

XX40:Germany

Address

Clarendon House, 2 Church Street, Hamilton, BMU, HM 11

Website

https://www.lexingtongold.co.uk

Lexington Gold Ltd is engaged in the gold exploration and development of its four gold projects in North and South Carolina, USA. The Company comprises the following reportable segments such as Corporate and Exploration activities. The projects are situated in the Carolina Super Terrane and are host to a number of multi-million-ounce mines operated. Its projects include Jennings-Pioneer Project, Argo Project, Carolina Belle Project, And Jones Keystone & Loflin Project (JKL).

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