Almaden Minerals (Almaden Minerals) Debt-to-Equity : 0.07 (As of Sep. 2023)

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What is Almaden Minerals Debt-to-Equity?

Almaden Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.07 Mil. Almaden Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3.42 Mil. Almaden Minerals's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $50.60 Mil. Almaden Minerals's debt to equity for the quarter that ended in Sep. 2023 was 0.07.

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 Almaden Minerals's Debt-to-Equity or its related term are showing as below:

AAU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.07
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Almaden Minerals was 0.07. The lowest was 0.01. And the median was 0.04.

AAU's Debt-to-Equity is ranked better than
60.79% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs AAU: 0.07

Almaden Minerals Debt-to-Equity Historical Data

The historical data trend for Almaden Minerals'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.

Almaden Minerals Debt-to-Equity Chart

Almaden Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.04

0.05

0.06

Almaden Minerals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.06	0.07	0.07	0.07

Competitive Comparison of Almaden Minerals's Debt-to-Equity

For the Gold subindustry, Almaden Minerals'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.

Almaden Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Almaden Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Almaden Minerals's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.065	+	3.17)	/	51.392
	=	0.06

Almaden Minerals's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.072	+	3.421)	/	50.599
	=	0.07

Almaden Minerals (AMEX:AAU) 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.

Almaden Minerals Debt-to-Equity Related Terms

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Almaden Minerals (Almaden Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Almaden Minerals Ltd (AMEX:AAU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AAU:Mexico A4E1:Germany AMM:Canada

Address

1333 Johnston Street, Suite 210, Vancouver, BC, CAN, V6H 3R9

Website

https://www.almadenminerals.com

Almaden Minerals Ltd is an exploration stage company and is engaged in the exploration and development of properties in Canada and Mexico. The company owns an interest in the Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca Gold-Silver Deposit.