Vantage Goldfields (ASX:VGO) Debt-to-Equity : 0.33 (As of Jun. 2014)

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What is Vantage Goldfields Debt-to-Equity?

Vantage Goldfields's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was A$4.82 Mil. Vantage Goldfields's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was A$11.95 Mil. Vantage Goldfields's Total Stockholders Equity for the quarter that ended in Jun. 2014 was A$51.30 Mil. Vantage Goldfields's debt to equity for the quarter that ended in Jun. 2014 was 0.33.

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 Vantage Goldfields's Debt-to-Equity or its related term are showing as below:

ASX:VGO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: 0.06

ASX:VGO's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs ASX:VGO: 0.06

Vantage Goldfields Debt-to-Equity Historical Data

The historical data trend for Vantage Goldfields'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.

Vantage Goldfields Debt-to-Equity Chart

Vantage Goldfields Annual Data

Trend

Dec11

Dec12

Dec13

Debt-to-Equity

0.02

0.04

0.06

Vantage Goldfields Semi-Annual Data
	Jun10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Debt-to-Equity	Get a 7-Day Free Trial			0.04	0.04	0.04	0.06	0.33

Competitive Comparison of Vantage Goldfields's Debt-to-Equity

For the Gold subindustry, Vantage Goldfields'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.

Vantage Goldfields's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Vantage Goldfields Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vantage Goldfields's Debt to Equity Ratio for the fiscal year that ended in Dec. 2013 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
	=	(1.359	+	1.871)	/	56.914
	=	0.06

Vantage Goldfields's Debt to Equity Ratio for the quarter that ended in Jun. 2014 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
	=	(4.82	+	11.954)	/	51.302
	=	0.33

Vantage Goldfields (ASX:VGO) 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.

Vantage Goldfields Debt-to-Equity Related Terms

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Vantage Goldfields (ASX:VGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vantage Goldfields Ltd (ASX:VGO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.vantagegoldfields.com

Vantage Goldfields Ltd is an Australian company engaged in the mining and exploration of gold in the Barberton Greenstone Belt of South Africa. The company's mining operations are carried out in the Lily Mine, Barbrook Mines Complex, and the Taylors Mine. The company produces gold from its Lily and Barbrook Mines with a steady rise in the production collectively.

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