Northstar Gold (XCNQ:NSG) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Northstar Gold Debt-to-Equity?

Northstar Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Northstar Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Northstar Gold's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$4.93 Mil. Northstar Gold's debt to equity for the quarter that ended in Jan. 2024 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 Northstar Gold's Debt-to-Equity or its related term are showing as below:

XCNQ:NSG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.04
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Northstar Gold was 0.04. The lowest was 0.01. And the median was 0.01.

XCNQ:NSG's Debt-to-Equity is ranked better than
99.92% of 1316 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:NSG: 0.01

Northstar Gold Debt-to-Equity Historical Data

The historical data trend for Northstar 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.

Northstar Gold Debt-to-Equity Chart

Northstar Gold Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Debt-to-Equity

0.01

Northstar Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	-

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

For the Gold subindustry, Northstar 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.

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

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

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

Northstar Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Northstar Gold's Debt to Equity Ratio for the fiscal year that ended in Apr. 2022 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
	=	(0.06	+	0)	/	4.96
	=	0.01

Northstar 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
	=	(0	+	0)	/	4.931
	=	0.00

Northstar Gold (XCNQ:NSG) 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.

Northstar Gold Debt-to-Equity Related Terms

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

Northstar Gold (XCNQ:NSG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NSGCF:USA 3WV:Germany

Address

17 Wellington Street North, Box 2529, New Liskeard, ON, CAN, P0J 1P0

Website

https://www.northstargoldcorp.com

Northstar Gold Corp is engaged in the exploration, development, and acquisition of quality exploration properties in the prolific Abitibi Greenstone Belt. The company's flagship property is the 100% owned Miller Gold Property, situated southeast of Kirkland Lake and Kirkland Lake Gold's Macassa SMC gold mine. The company's projects include Boston Creek - Miller Project, Bryce Project, Temagami-Milestone and Rosegrove.

Executives

John William Pollock

Director

Northstar Gold (XCNQ:NSG) Headlines

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