E2Gold (TSXV:ETU) Debt-to-Equity : -0.26 (As of Jan. 2024)

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What is E2Gold Debt-to-Equity?

E2Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.23 Mil. E2Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. E2Gold's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$-0.89 Mil. E2Gold's debt to equity for the quarter that ended in Jan. 2024 was -0.26.

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 E2Gold's Debt-to-Equity or its related term are showing as below:

TSXV:ETU' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.56 Med: -0.26 Max: 0.58
Current: -0.26

During the past 4 years, the highest Debt-to-Equity Ratio of E2Gold was 0.58. The lowest was -0.56. And the median was -0.26.

TSXV:ETU's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:ETU: -0.26

E2Gold Debt-to-Equity Historical Data

The historical data trend for E2Gold'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.

E2Gold Debt-to-Equity Chart

E2Gold Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

0.58

-0.26

E2Gold Quarterly Data
	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												-	-0.56	-0.26	-0.25	-0.26

Competitive Comparison of E2Gold's Debt-to-Equity

For the Gold subindustry, E2Gold'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.

E2Gold's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, E2Gold's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where E2Gold's Debt-to-Equity falls into.

E2Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

E2Gold'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
	=	(0.211	+	0)	/	-0.826
	=	-0.26

E2Gold'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
	=	(0.228	+	0)	/	-0.89
	=	-0.26

E2Gold (TSXV:ETU) 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.

E2Gold Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of E2Gold's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

E2Gold (TSXV:ETU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » E2Gold Inc (TSXV:ETU) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

ETUGF:USA

Address

8 King Street East, Suite 1700, Toronto, ON, CAN, M5C 1B5

Website

https://www.e2gold.ca

E2Gold Inc. is engaged in acquisition, exploration and evaluation of gold and other mineral properties. The company's projects include Hawkins project, which is located in northern Ontario and Band-Ore project, which is located in west of Thunder Bay, Ontario.

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