Nexus Gold (Nexus Gold) Debt-to-Equity : -1.50 (As of Oct. 2023)

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What is Nexus Gold Debt-to-Equity?

Nexus Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.52 Mil. Nexus Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. Nexus Gold's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $-0.35 Mil. Nexus Gold's debt to equity for the quarter that ended in Oct. 2023 was -1.50.

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

NXSGF' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.98 Med: 0.02 Max: 142
Current: -1.5

During the past 13 years, the highest Debt-to-Equity Ratio of Nexus Gold was 142.00. The lowest was -3.98. And the median was 0.02.

NXSGF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs NXSGF: -1.50

Nexus Gold Debt-to-Equity Historical Data

The historical data trend for Nexus 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.

Nexus Gold Debt-to-Equity Chart

Nexus Gold Annual Data

Trend

Jul13

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Debt-to-Equity

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0.03

0.02

0.05

132.25

Nexus Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.81	132.25	-3.99	-2.01	-1.50

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

For the Gold subindustry, Nexus 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.

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

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

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

Nexus Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nexus Gold's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(0.516	+	0.013)	/	0.004
	=	132.25

Nexus Gold's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(0.522	+	0)	/	-0.349
	=	-1.50

Nexus Gold (OTCPK:NXSGF) 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.

Nexus Gold Debt-to-Equity Related Terms

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

Nexus Gold (Nexus Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nexus Gold Corp (OTCPK:NXSGF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GH00:Germany NXS:Canada

Address

750 West Pender Street, Suite 802, Vancouver, BC, CAN, V6C 2T8

Website

https://www.nxs.gold

Nexus Gold Corp is a Canadian-based company with a portfolio of ten exploration projects in West Africa and Canada. The West African-based portfolio totals five projects located on active gold belts and mineralized trends, while its 100% owned Canadian projects include the flagship McKenzie Gold Project in Red Lake, Ontario. The company is focused on developing several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its growing portfolio.