i-80 Gold (TSX:IAU) Debt-to-Equity : 0.42 (As of Dec. 2023)

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What is i-80 Gold Debt-to-Equity?

i-80 Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$42.85 Mil. i-80 Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$199.01 Mil. i-80 Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$571.88 Mil. i-80 Gold's debt to equity for the quarter that ended in Dec. 2023 was 0.42.

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 i-80 Gold's Debt-to-Equity or its related term are showing as below:

TSX:IAU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.35 Max: 0.42
Current: 0.42

During the past 4 years, the highest Debt-to-Equity Ratio of i-80 Gold was 0.42. The lowest was 0.10. And the median was 0.35.

TSX:IAU's Debt-to-Equity is ranked worse than
71.65% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:IAU: 0.42

i-80 Gold Debt-to-Equity Historical Data

The historical data trend for i-80 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.

i-80 Gold Debt-to-Equity Chart

i-80 Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.10

0.35

0.42

i-80 Gold Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										0.35	0.43	0.36	0.39	0.42

Competitive Comparison of i-80 Gold's Debt-to-Equity

For the Gold subindustry, i-80 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.

i-80 Gold's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, i-80 Gold's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where i-80 Gold's Debt-to-Equity falls into.

i-80 Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

i-80 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
	=	(42.849	+	199.006)	/	571.876
	=	0.42

i-80 Gold'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
	=	(42.849	+	199.006)	/	571.876
	=	0.42

i-80 Gold (TSX:IAU) 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.

i-80 Gold Debt-to-Equity Related Terms

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i-80 Gold (TSX:IAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » i-80 Gold Corp (TSX:IAU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IAUX:USA 8JI:Germany

Address

1100 Russell Street, Thunder Bay, ON, CAN, P7B 5N2

Website

https://www.i80gold.com

i-80 Gold Corp is a well-financed gold producer and developer holding an impressive portfolio of advanced-stage gold projects in the State of Nevada. The company's primary goal is to build a self-sustaining, mid-tier, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.

Executives

John Seaman

Director