New Gold (New Gold) Debt-to-Equity : 0.51 (As of Dec. 2023)

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What is New Gold Debt-to-Equity?

New Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. New Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $398.6 Mil. New Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $789.2 Mil. New Gold's debt to equity for the quarter that ended in Dec. 2023 was 0.51.

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

NGD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.49 Max: 0.84
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of New Gold was 0.84. The lowest was 0.38. And the median was 0.49.

NGD's Debt-to-Equity is ranked worse than
75.94% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs NGD: 0.51

New Gold Debt-to-Equity Historical Data

The historical data trend for New 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.

New Gold Debt-to-Equity Chart

New Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.77

0.64

0.53

0.41

0.51

New Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.41	0.45	0.45	0.45	0.51

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

For the Gold subindustry, New 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.

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

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

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

New Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New 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	+	398.6)	/	789.2
	=	0.51

New 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	+	398.6)	/	789.2
	=	0.51

New Gold (AMEX:NGD) 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.

New Gold Debt-to-Equity Related Terms

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

New Gold (New Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Gold Inc (AMEX:NGD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

32N:Germany 32N:Germany NGD:Canada

Address

181 Bay Street, Suite 3320, Toronto, ON, CAN, M5J 2T3

Website

https://www.newgold.com

New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets: the Rainy River Mine and the New Afton Mine in Canada. The company also owns the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of gold, copper, and silver to various banks engaged in the trading of precious metals and refineries.