Kalo Gold (Kalo Gold) Debt-to-Equity : 0.00 (As of Nov. 2023)

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What is Kalo Gold Debt-to-Equity?

Kalo Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Kalo Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Kalo Gold's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $0.26 Mil. Kalo Gold's debt to equity for the quarter that ended in Nov. 2023 was 0.00.

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

During the past 4 years, the highest Debt-to-Equity Ratio of Kalo Gold was -0.06. The lowest was -0.06. And the median was -0.06.

KLGDF'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.

Kalo Gold Debt-to-Equity Historical Data

The historical data trend for Kalo 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.

Kalo Gold Debt-to-Equity Chart

Kalo Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

Kalo Gold Quarterly Data
	Dec19	Aug20	Dec20	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial									-0.06	-	-	-	-

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

For the Gold subindustry, Kalo 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.

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

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

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

Kalo Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kalo Gold's Debt to Equity Ratio for the fiscal year that ended in Aug. 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	+	0)	/	0.399
	=	0.00

Kalo 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	+	0)	/	0.26
	=	0.00

Kalo Gold (OTCPK:KLGDF) 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.

Kalo Gold Debt-to-Equity Related Terms

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Kalo Gold (Kalo Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

0SX0:Germany KALO:Canada

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.kalogoldcorp.com

Kalo Gold Corp is a mineral exploration company focused on the Vatu Aurum gold project on Fiji's north island, Vanua Levu. Geographic revenue is recognized in Canada, Fiji, British Virgin Islands.