Lumina Gold (TSXV:LUM) Debt-to-Equity : -0.01 (As of Dec. 2023)

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What is Lumina Gold Debt-to-Equity?

Lumina Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.06 Mil. Lumina Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Lumina Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-10.69 Mil. Lumina Gold's debt to equity for the quarter that ended in Dec. 2023 was -0.01.

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

TSXV:LUM' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.01 Med: 0 Max: 0.3
Current: -0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Lumina Gold was 0.30. The lowest was -2.01. And the median was 0.00.

TSXV:LUM's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:LUM: -0.01

Lumina Gold Debt-to-Equity Historical Data

The historical data trend for Lumina 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.

Lumina Gold Debt-to-Equity Chart

Lumina Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.30

-2.01

-0.01

Lumina Gold 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															-2.01	-1.12	-1.12	-1.14	-0.01

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

For the Gold subindustry, Lumina 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.

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

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

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

Lumina Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lumina 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
	=	(0.063	+	0)	/	-10.69
	=	-0.01

Lumina 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
	=	(0.063	+	0)	/	-10.69
	=	-0.01

Lumina Gold (TSXV:LUM) 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.

Lumina Gold Debt-to-Equity Related Terms

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

Lumina Gold (TSXV:LUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lumina Gold Corp (TSXV:LUM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LMGDF:USA OMH2:Germany

Address

625 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 2T6

Website

http://www.luminagold.com

Lumina Gold Corp is a precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador. Cangrejos is being advanced to a Pre-Feasibility Study and is the largest primary gold deposit in Ecuador. The company has an experienced management team with a successful track record of advancing and monetizing exploration projects. It has one reportable operating segment, being that of the acquisition, exploration and evaluation of mineral properties in Ecuador.

Executives

Martin Raymond Danziger Rip	Senior Officer
Scott Victor Andrew Hicks	Senior Officer

Lumina Gold (TSXV:LUM) Headlines

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