Asante Gold (XCNQ:ASE) Debt-to-Equity : 2.25 (As of Jan. 2024)

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What is Asante Gold Debt-to-Equity?

Asante Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$58.7 Mil. Asante Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$7.7 Mil. Asante Gold's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$29.5 Mil. Asante Gold's debt to equity for the quarter that ended in Jan. 2024 was 2.25.

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

XCNQ:ASE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.66 Max: 2.25
Current: 2.25

During the past 13 years, the highest Debt-to-Equity Ratio of Asante Gold was 2.25. The lowest was 0.02. And the median was 0.66.

XCNQ:ASE's Debt-to-Equity is ranked worse than
96.16% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:ASE: 2.25

Asante Gold Debt-to-Equity Historical Data

The historical data trend for Asante 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.

Asante Gold Debt-to-Equity Chart

Asante Gold Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

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1.10

0.57

0.02

0.48

2.25

Asante 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															0.48	0.63	2.31	-3.44	2.25

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

For the Gold subindustry, Asante 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.

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

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

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

Asante Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asante Gold's Debt to Equity Ratio for the fiscal year 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
	=	(58.743	+	7.734)	/	29.488
	=	2.25

Asante 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
	=	(58.743	+	7.734)	/	29.488
	=	2.25

Asante Gold (XCNQ:ASE) 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.

Asante Gold Debt-to-Equity Related Terms

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

Asante Gold (XCNQ:ASE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asante Gold Corp (XCNQ:ASE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ASGOF:USA 1A9:Germany

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.asantegold.com

Asante Gold Corp is an exploration stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.

Executives

Eben Swanepoel

Senior Officer

Asante Gold (XCNQ:ASE) Headlines

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