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US Goldmining (US Goldmining) Debt-to-Equity : 0.01 (As of Nov. 2023)


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What is US Goldmining Debt-to-Equity?

US Goldmining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.02 Mil. US Goldmining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.12 Mil. US Goldmining's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $12.21 Mil. US Goldmining's debt to equity for the quarter that ended in Nov. 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 US Goldmining's Debt-to-Equity or its related term are showing as below:

USGO' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.87   Med: -0.26   Max: 8.1
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of US Goldmining was 8.10. The lowest was -1.87. And the median was -0.26.

USGO's Debt-to-Equity is ranked better than
99.92% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs USGO: 0.01

US Goldmining Debt-to-Equity Historical Data

The historical data trend for US Goldmining'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.

US Goldmining Debt-to-Equity Chart

US Goldmining Annual Data
Trend Nov20 Nov21 Nov22 Nov23
Debt-to-Equity
8.10 -1.87 -0.53 0.01

US Goldmining Quarterly Data
Nov20 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.53 -0.71 - 0.01 0.01

Competitive Comparison of US Goldmining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, US Goldmining'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.

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

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

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


US Goldmining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

US Goldmining's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
=(0.017 + 0.118) / 12.213
=0.01

US Goldmining's Debt to Equity Ratio for the quarter that ended in Nov. 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
=(0.017 + 0.118) / 12.213
=0.01

* 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.

US Goldmining  (NAS:USGO) 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.

US Goldmining Debt-to-Equity Related Terms

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

US Goldmining (US Goldmining) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » US Goldmining Inc (NAS:USGO) » Definitions » Debt-to-Equity
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FUST XPL UAMY BLTH WWR REEMF TMRC LITM LBRMF BYU ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
Q0G:Germany
Address
1030 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 2Y3
Website
https://www.us.goldmining.com
US Goldmining Inc is a mineral exploration and development company. It is a focused on the exploration and development of a project located in Alaska, USA. The company's sole property is Whistler Project which is a gold-copper exploration project located in the Yentna Mining District, approximately 150 km northwest of Anchorage, Alaska.
Executives
Goldmining Inc. 10 percent owner 1188 WEST GEORGIA STREET, SUITE 1830, VANCOUVER A1 V6E 4A2
Aleksandra Bukacheva director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Garnet Linn Dawson director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Ross Lawrence Sherlock director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Laura Schmidt director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Alastair Charles Still director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Timothy Robert Smith officer: Chief Executive Officer 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Lisa Jean Wade director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Tyler Michael Wong officer: Chief Financial Officer 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3