Red Eagle Mining (TSX:R) Debt-to-Equity : 83.99 (As of Jun. 2018)

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What is Red Eagle Mining Debt-to-Equity?

Red Eagle Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2018 was C$109.77 Mil. Red Eagle Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2018 was C$0.00 Mil. Red Eagle Mining's Total Stockholders Equity for the quarter that ended in Jun. 2018 was C$1.31 Mil. Red Eagle Mining's debt to equity for the quarter that ended in Jun. 2018 was 83.99.

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 Red Eagle Mining's Debt-to-Equity or its related term are showing as below:

TSX:R'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.

Red Eagle Mining Debt-to-Equity Historical Data

The historical data trend for Red Eagle Mining'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.

Red Eagle Mining Debt-to-Equity Chart

Red Eagle Mining Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Debt-to-Equity

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0.85

1.75

1.00

Red Eagle Mining Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
Debt-to-Equity	Get a 7-Day Free Trial															1.48	1.00	1.00	1.17	83.99

Competitive Comparison of Red Eagle Mining's Debt-to-Equity

For the Gold subindustry, Red Eagle Mining'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.

Red Eagle Mining's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Red Eagle Mining's Debt-to-Equity falls into.

Red Eagle Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Red Eagle Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2017 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
	=	(19.692	+	72.704)	/	92.125
	=	1.00

Red Eagle Mining's Debt to Equity Ratio for the quarter that ended in Jun. 2018 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
	=	(109.77	+	0)	/	1.307
	=	83.99

Red Eagle Mining (TSX:R) 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.

Red Eagle Mining Debt-to-Equity Related Terms

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Red Eagle Mining (TSX:R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Eagle Mining Corp (TSX:R) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Burrard Street, Suite 2348, Vancouver, BC, CAN, V6C 2X8

Website

http://www.redeaglemining.com

Red Eagle Mining Corp is a Canada-based development-stage company. It is engaged in the exploration and development of mineral properties. Geographically it operates in the countries of Canada and Colombia. It focuses on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia. The company primarily explores for Gold and owns interests in the Santa Rosa Gold Project located in Antioquia, Colombia covering an area of approximately 10,000 hectares.