Angkor Resources (TSXV:ANK) Debt-to-Equity : 5.18 (As of Jan. 2024)

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What is Angkor Resources Debt-to-Equity?

Angkor Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$1.53 Mil. Angkor Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$4.55 Mil. Angkor Resources's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$1.18 Mil. Angkor Resources's debt to equity for the quarter that ended in Jan. 2024 was 5.18.

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

TSXV:ANK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.24 Max: 37.49
Current: 5.18

During the past 13 years, the highest Debt-to-Equity Ratio of Angkor Resources was 37.49. The lowest was 0.01. And the median was 0.24.

TSXV:ANK's Debt-to-Equity is ranked worse than
98.78% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:ANK: 5.18

Angkor Resources Debt-to-Equity Historical Data

The historical data trend for Angkor 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.

Angkor Resources Debt-to-Equity Chart

Angkor Resources Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.24

0.15

0.87

1.22

3.27

Angkor Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															1.80	2.20	3.27	0.72	5.18

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

For the Gold subindustry, Angkor 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.

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

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

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

Angkor Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Angkor Resources's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(1.835	+	0)	/	0.562
	=	3.27

Angkor Resources's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(1.531	+	4.55)	/	1.175
	=	5.18

Angkor Resources (TSXV:ANK) 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.

Angkor Resources Debt-to-Equity Related Terms

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

Angkor Resources (TSXV:ANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Angkor Resources Corp (TSXV:ANK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ANKOF:USA

Address

Box 153, Sexsmith, AB, CAN, T0H 3C0

Website

https://www.angkorresources.com

Angkor Resources Corp is engaged in the exploration and development of its mineral property interests and oil and gas interests. The firm focuses on mineral property interest located in the Kingdom of Cambodia in the provinces of Ratanakiri and Oudar Meanchey and Banteay Meanchey as well as pursuing oil and gas and other opportunities in Canada, Cambodia, and the Philippines. The company has five licenses including Banlung, Oyadao, Oyadao South, Andong Meas and Koan Nheak. The Company operates in one operating segment, which is the acquisition, exploration, and development of exploration property interests.

Executives

Delayne Weeks

Deemed Insider - 6 Months before becoming Insider

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