Trojan Gold (XCNQ:TGII) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Trojan Gold Debt-to-Equity?

Trojan Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.01 Mil. Trojan Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Trojan Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.44 Mil. Trojan Gold's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

XCNQ:TGII' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.01
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Trojan Gold was 0.01. The lowest was 0.00. And the median was 0.01.

XCNQ:TGII's Debt-to-Equity is ranked better than
99.92% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:TGII: 0.01

Trojan Gold Debt-to-Equity Historical Data

The historical data trend for Trojan 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.

Trojan Gold Debt-to-Equity Chart

Trojan Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

Trojan 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								0.01	0.01	0.01	0.01	0.01

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

For the Gold subindustry, Trojan 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.

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

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

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

Trojan Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trojan 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
	=	(0.005	+	0)	/	0.435
	=	0.01

Trojan 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
	=	(0.005	+	0)	/	0.435
	=	0.01

Trojan Gold (XCNQ:TGII) 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.

Trojan Gold Debt-to-Equity Related Terms

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

Trojan Gold (XCNQ:TGII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trojan Gold Inc (XCNQ:TGII) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

82 Richmond Street East, Suite 401, Toronto, ON, CAN, M5C 1P1

Website

https://www.trojangold.com

Trojan Gold Inc is a mineral resource company engaged in the acquisition and exploration of mineral resource properties in Canada and the Dominican Republic. Its objective is to locate, explore and develop precious metals, focusing initially on the exploration and development of the Hemlo South Project, located in Ontario.

Trojan Gold (XCNQ:TGII) Headlines

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