Mas Gold (TSXV:MAS) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Mas Gold Debt-to-Equity?

Mas Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Mas Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.15 Mil. Mas Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$3.21 Mil. Mas Gold's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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

TSXV:MAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.05 Max: 0.1
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Mas Gold was 0.10. The lowest was 0.05. And the median was 0.05.

TSXV:MAS's Debt-to-Equity is ranked better than
66.36% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:MAS: 0.05

Mas Gold Debt-to-Equity Historical Data

The historical data trend for Mas 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.

Mas Gold Debt-to-Equity Chart

Mas Gold Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.10

0.05

Mas 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															-	-	-	0.05	0.05

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

For the Gold subindustry, Mas 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.

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

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

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

Mas Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mas Gold's Debt to Equity Ratio for the fiscal year that ended in Sep. 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	+	0.15)	/	3.264
	=	0.05

Mas 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	+	0.15)	/	3.214
	=	0.05

Mas Gold (TSXV:MAS) 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.

Mas Gold Debt-to-Equity Related Terms

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

Mas Gold (TSXV:MAS) Business Description

Industry

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

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Traded in Other Exchanges

MSGCF:USA 63G:Germany

Address

107-3239 Faithfull Avenue, Saskatoon, SK, CAN, S7K 8H4

Website

https://www.masgoldcorp.com

Mas Gold Corp is a mineral exploration company that engages in the acquisition, exploration, and development of mineral properties in Canada. It is focused on gold exploration in Saskatchewan. It holds an interest in the Greywacke, Preview Lake, Elizabeth Lake, and Henry Lake properties.