Prosper Gold (TSXV:PGX) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Prosper Gold Debt-to-Equity?

Prosper Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Prosper Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Prosper Gold's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$1.89 Mil. Prosper Gold's debt to equity for the quarter that ended in Jan. 2024 was 0.00.

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

TSXV:PGX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.08
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Prosper Gold was 0.08. The lowest was 0.00. And the median was 0.02.

TSXV:PGX's Debt-to-Equity is ranked better than
82.94% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:PGX: 0.02

Prosper Gold Debt-to-Equity Historical Data

The historical data trend for Prosper 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.

Prosper Gold Debt-to-Equity Chart

Prosper Gold Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.01

0.08

0.02

Prosper Gold 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															0.04	0.04	0.03	0.02	-

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

For the Other Industrial Metals & Mining subindustry, Prosper 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.

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

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

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

Prosper Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prosper Gold's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(0.04	+	0)	/	1.709
	=	0.02

Prosper Gold'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	+	0)	/	1.885
	=	0.00

Prosper Gold (TSXV:PGX) 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.

Prosper Gold Debt-to-Equity Related Terms

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

Prosper Gold (TSXV:PGX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PGXFF:USA 2QPA:Germany

Address

1055 Dunsmuir Street, Suite 3500, P.O. Box 49114, Vancouver, BC, CAN, V7X 1H7

Website

https://www.prospergoldcorp.com

Prosper Gold Corp is an exploration and development company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties in British Columbia and Canada. The company is focused on the exploration and development of the Star property in British Columbia, Canada, and exploration and development of the Ontario Projects in Ontario, Canada.

Executives

Peter Bernier

Director, Senior Officer