Touchstone Gold (FRA:T03) Debt-to-Equity : 6.45 (As of Jun. 2014)

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What is Touchstone Gold Debt-to-Equity?

Touchstone Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was €0.00 Mil. Touchstone Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was €0.68 Mil. Touchstone Gold's Total Stockholders Equity for the quarter that ended in Jun. 2014 was €0.11 Mil. Touchstone Gold's debt to equity for the quarter that ended in Jun. 2014 was 6.45.

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

FRA:T03's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Touchstone Gold Debt-to-Equity Historical Data

The historical data trend for Touchstone 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.

Touchstone Gold Debt-to-Equity Chart

Touchstone Gold Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Debt-to-Equity

-1.07

Touchstone Gold Quarterly Data
	Dec09	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Jun14
Debt-to-Equity	Get a 7-Day Free Trial							-	-	-	-	6.45

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

For the Gold subindustry, Touchstone 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.

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

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

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

Touchstone Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Touchstone Gold'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
	=	(0	+	0)	/	-0.31
	=	0.00

Touchstone Gold'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
	=	(0	+	0.684)	/	0.106
	=	6.45

Touchstone Gold (FRA:T03) 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.

Touchstone Gold Debt-to-Equity Related Terms

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Touchstone Gold (FRA:T03) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Touchstone Gold Ltd (FRA:T03) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.touchstonegold.com

Touchstone Gold Ltd was incorporated under the Laws of the British Virgin Islands on June 29, 2009. The Company, along with its wholly-owned subsidiaries, is an exploration stage company engaged in the exploration and development of gold properties in Colombia. The Company's project portfolio comprises of Segovia Gold Project and Santa Rosa Project.

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