Golden Minerals Co (LTS:0IYU) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Golden Minerals Co Debt-to-Equity?

Golden Minerals Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.11 Mil. Golden Minerals Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.03 Mil. Golden Minerals Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5.11 Mil. Golden Minerals Co's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 Golden Minerals Co's Debt-to-Equity or its related term are showing as below:

LTS:0IYU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.02 Max: 0.48
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Golden Minerals Co was 0.48. The lowest was 0.02. And the median was 0.02.

LTS:0IYU's Debt-to-Equity is ranked better than
75.48% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LTS:0IYU: 0.03

Golden Minerals Co Debt-to-Equity Historical Data

The historical data trend for Golden Minerals Co'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.

Golden Minerals Co Debt-to-Equity Chart

Golden Minerals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.06

0.03

Golden Minerals Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.04	0.03	0.07	0.03

Competitive Comparison of Golden Minerals Co's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Golden Minerals Co'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.

Golden Minerals Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Golden Minerals Co's Debt-to-Equity falls into.

Golden Minerals Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Minerals Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.105	+	0.028)	/	5.113
	=	0.03

Golden Minerals Co's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.105	+	0.028)	/	5.113
	=	0.03

Golden Minerals Co (LTS:0IYU) 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.

Golden Minerals Co Debt-to-Equity Related Terms

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Golden Minerals Co (LTS:0IYU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Minerals Co (LTS:0IYU) » Definitions » Debt-to-Equity

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AUMN:USA AUMN:Canada

Address

350 Indiana Street, Suite 650, Golden, CO, USA, 80401

Website

https://www.goldenminerals.com

Golden Minerals Co is an exploration stage company engaged in the mining, construction, and exploration of precious metals and mineral properties. It owns and operates Velardena and Chicago precious metals mining properties and associated oxide and sulfide processing plants in the State of Durango, Mexico, the El Quevar exploration property in the province of Salta, Argentina, and a diversified portfolio of precious metals and other mineral exploration properties located in or near historical precious metals producing regions of Mexico. The company's business is structured into two divisions, Mexico operations, and Corporate Exploration and Other.

Golden Minerals Co (LTS:0IYU) Headlines

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