Leopard Lake Gold (XCNQ:LP) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is Leopard Lake Gold Debt-to-Equity?

Leopard Lake Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.09 Mil. Leopard Lake Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Leopard Lake Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.85 Mil. Leopard Lake Gold's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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

XCNQ:LP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.1 Max: 0.1
Current: 0.1

During the past 4 years, the highest Debt-to-Equity Ratio of Leopard Lake Gold was 0.10. The lowest was 0.10. And the median was 0.10.

XCNQ:LP's Debt-to-Equity is ranked better than
54.95% of 1303 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:LP: 0.10

Leopard Lake Gold Debt-to-Equity Historical Data

The historical data trend for Leopard Lake 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.

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Leopard Lake Gold Debt-to-Equity Chart

Leopard Lake Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.10

Leopard Lake Gold Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									-	-	0.03	0.06	0.10

Competitive Comparison of Leopard Lake Gold's Debt-to-Equity

For the Gold subindustry, Leopard Lake 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.

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

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

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

Leopard Lake Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Leopard Lake 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
	=	(0.085	+	0)	/	0.852
	=	0.10

Leopard Lake 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
	=	(0.085	+	0)	/	0.852
	=	0.10

Leopard Lake Gold (XCNQ:LP) 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.

Leopard Lake Gold Debt-to-Equity Related Terms

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Leopard Lake Gold (XCNQ:LP) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

9285 203B Street, Langley, BC, CAN, V1M 2L9

Website

https://www.leopardlake.ca

Leopard Lake Gold Corp is principally engaged in the acquisition and exploration of mineral properties. The company has three properties which include Stella Property, St. Robert Property, and Leduc Gold Project property in Ontario.

Executives

Norman Ross

Director

Leopard Lake Gold (XCNQ:LP) Headlines

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