Ashley Gold (XCNQ:ASHL) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Ashley Gold Debt-to-Equity?

Ashley Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Ashley Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Ashley Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.44 Mil. Ashley Gold's debt to equity for the quarter that ended in Dec. 2023 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 Ashley Gold's Debt-to-Equity or its related term are showing as below:

XCNQ:ASHL's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Ashley Gold Debt-to-Equity Historical Data

The historical data trend for Ashley 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.

Ashley Gold Debt-to-Equity Chart

Ashley Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Ashley Gold Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								-	-	-	-	-

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

For the Gold subindustry, Ashley 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.

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

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

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

Ashley Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ashley 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	+	0)	/	0.442
	=	0.00

Ashley 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)	/	0.442
	=	0.00

Ashley Gold (XCNQ:ASHL) 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.

Ashley Gold Debt-to-Equity Related Terms

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

Ashley Gold (XCNQ:ASHL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

707 - 7 Avenue SW, Suite 1150, Calgary, AB, CAN, T2P 3H6

Website

https://www.ashleygoldcorp.com

Ashley Gold Corp is engaged in the acquisition and exploration of mineral properties in the natural resource sector with the long-term goal of divesting its investment assets at a profit. The company projects include Tabor Lake Mine, Howie Lake and Alto-Gardnar.

Executives

George Elliott Stephenson

Director, Senior Officer

Ashley Gold (XCNQ:ASHL) Headlines

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