Lode Gold Resources (Lode Gold Resources) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is Lode Gold Resources Debt-to-Equity?

Lode Gold Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Lode Gold Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.35 Mil. Lode Gold Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $17.00 Mil. Lode Gold Resources's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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

SBMIF' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.4 Med: 0.18 Max: 6.88
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Lode Gold Resources was 6.88. The lowest was -6.40. And the median was 0.18.

SBMIF's Debt-to-Equity is ranked worse than
50.73% of 1307 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SBMIF: 0.14

Lode Gold Resources Debt-to-Equity Historical Data

The historical data trend for Lode Gold Resources'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.

Lode Gold Resources Debt-to-Equity Chart

Lode Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.18

0.19

0.16

Lode Gold Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.19	0.22	0.16	0.14

Competitive Comparison of Lode Gold Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Lode Gold Resources'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.

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

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

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

Lode Gold Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lode Gold Resources'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
	=	(0.373	+	2.188)	/	16.079
	=	0.16

Lode Gold Resources's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	2.35)	/	16.998
	=	0.14

Lode Gold Resources (OTCPK:SBMIF) 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.

Lode Gold Resources Debt-to-Equity Related Terms

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Lode Gold Resources (Lode Gold Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lode Gold Resources Inc (OTCPK:SBMIF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LOD:Canada

Address

100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C7

Website

https://www.stratabound.com

Lode Gold Resources Inc formerly Stratabound Minerals Corp is a mineral exploration and development company with its advanced-stage Fremont Gold Project in the Mother Lode Gold Belt of California. The Project features an NI 43-101 Mineral Resource estimate of 1.16M ounces at an average grade of 1.90 g/t Au in the Indicated plus 2.02M ounces at an average grade of 2.22 g/t Au in the Inferred Mineral Resource classifications encompassing two historic high-grade U/G gold mines. Also, Fremont hosts three other undeveloped gold occurrences across 4 km of strike along the prolific Mother Lode Gold Belt. The company is also advancing its other early-stage gold projects: Golden Culvert, YT, McIntyre Brook, NB, and Dingman, ON gold projects.

Lode Gold Resources (Lode Gold Resources) Headlines

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