Ascot Resources (TSX:AOT) Debt-to-Equity : 0.08 (As of Dec. 2023)

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What is Ascot Resources Debt-to-Equity?

Ascot Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.71 Mil. Ascot Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$23.56 Mil. Ascot Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$350.76 Mil. Ascot Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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 Ascot Resources's Debt-to-Equity or its related term are showing as below:

TSX:AOT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.15 Max: 0.25
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Ascot Resources was 0.25. The lowest was 0.08. And the median was 0.15.

TSX:AOT's Debt-to-Equity is ranked better than
58.44% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:AOT: 0.08

Ascot Resources Debt-to-Equity Historical Data

The historical data trend for Ascot Resources'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.

Ascot Resources Debt-to-Equity Chart

Ascot Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.25

0.16

0.15

0.08

Ascot Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.15	0.05	0.05	0.04	0.08

Competitive Comparison of Ascot Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Ascot Resources'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.

Ascot Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Ascot Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ascot Resources'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
	=	(3.707	+	23.562)	/	350.758
	=	0.08

Ascot Resources's Debt to Equity Ratio for the quarter 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
	=	(3.707	+	23.562)	/	350.758
	=	0.08

Ascot Resources (TSX:AOT) 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.

Ascot Resources Debt-to-Equity Related Terms

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

Ascot Resources (TSX:AOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascot Resources Ltd (TSX:AOT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AOTVF:USA BHQ:Germany

Address

1095 West Pender Street, Suite 1050, Vancouver, BC, CAN, V6E 2M6

Website

https://www.ascotgold.com

Ascot Resources Ltd is a development and exploration company. It is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. It holds an interest in Premier Gold Project and Red Mountain Project. The company also has two other properties; Swamp Point, an aggregate project located in British Columbia on the Portland Canal, and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in Washington State, USA.

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