Blue Star Gold (TSXV:BAU) Debt-to-Equity : 0.06 (As of Nov. 2023)

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What is Blue Star Gold Debt-to-Equity?

Blue Star Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.12 Mil. Blue Star Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$1.77 Mil. Blue Star Gold's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$30.21 Mil. Blue Star Gold's debt to equity for the quarter that ended in Nov. 2023 was 0.06.

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

TSXV:BAU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.1 Max: 1.81
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Blue Star Gold was 1.81. The lowest was 0.00. And the median was 0.10.

TSXV:BAU's Debt-to-Equity is ranked better than
63.36% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:BAU: 0.06

Blue Star Gold Debt-to-Equity Historical Data

The historical data trend for Blue Star 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.

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Blue Star Gold Debt-to-Equity Chart

Blue Star Gold Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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1.81

1.20

0.12

0.10

0.06

Blue Star Gold Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.11	0.10	0.10	0.06

Competitive Comparison of Blue Star Gold's Debt-to-Equity

For the Gold subindustry, Blue Star 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.

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

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

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

Blue Star Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Blue Star Gold's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(0.119	+	1.766)	/	30.211
	=	0.06

Blue Star Gold's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.119	+	1.766)	/	30.211
	=	0.06

Blue Star Gold (TSXV:BAU) 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.

Blue Star Gold Debt-to-Equity Related Terms

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

Blue Star Gold (TSXV:BAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blue Star Gold Corp (TSXV:BAU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BAUFF:USA

Address

507 - 700 West Pender Street, Vancouver, BC, CAN, V6C 1G8

Website

https://www.bluestargold.ca

Blue Star Gold Corp is a Vancouver-based gold company focused on exploring and developing mineral projects in Canada. The company's project portfolio includes Nunavut, the Ulu gold project, and the Roma project. The company is focused on growing existing mineral resources at Ulu Property. The Hood River Property is the company's exploration stage and least explored property. The Hood River Property together with Ulu affords substantial exploration potential on confirmed known gold occurrences.

Executives

Darren Lindsay

Senior Officer

Blue Star Gold (TSXV:BAU) Headlines

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