Gander Gold (XCNQ:GAND) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Gander Gold Debt-to-Equity?

Gander Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.51 Mil. Gander Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Gander Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$10.93 Mil. Gander 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 Gander Gold's Debt-to-Equity or its related term are showing as below:

XCNQ:GAND' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.05
Current: 0.05

During the past 3 years, the highest Debt-to-Equity Ratio of Gander Gold was 0.05. The lowest was 0.00. And the median was 0.00.

XCNQ:GAND's Debt-to-Equity is ranked better than
66.64% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:GAND: 0.05

Gander Gold Debt-to-Equity Historical Data

The historical data trend for Gander 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.

Gander Gold Debt-to-Equity Chart

Gander Gold Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.53

Gander Gold Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					-	-	-	0.03	0.05

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

For the Gold subindustry, Gander 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.

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

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

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

Gander Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gander Gold's Debt to Equity Ratio for the fiscal year that ended in Jun. 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)	/	11.33
	=	0.00

Gander 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
	=	(0.51	+	0)	/	10.926
	=	0.05

Gander Gold (XCNQ:GAND) 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.

Gander Gold Debt-to-Equity Related Terms

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

Gander Gold (XCNQ:GAND) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GANDF:USA

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.gandergold.com

Gander Gold Corp is an exploration stage resource company engaged in the identification, acquisition, and exploration of precious and base metals projects in Canada. Its focus is the prospective ground in the Central Newfoundland Gold Belt, on Canada's Atlantic coast. The company's projects in Newfoundland include Gander North, Mt. Peyton, Cape Ray II, BLT, Carmanville Gander South, Hermitage, and Little River.

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