CanXGold Mining (TSXV:CXG) Debt-to-Equity : -0.14 (As of May. 2023)

CanXGold Mining Debt-to-Equity Chart

CanXGold Mining Annual Data
	Trend	Nov13	Nov14	Nov15	Nov16	Nov17	Nov18	Nov19	Nov20	Nov21	Nov22
Debt-to-Equity		Get a 7-Day Free Trial					-0.50	-0.32	-0.24	-0.31	-0.14

CanXGold Mining Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Debt-to-Equity	Get a 7-Day Free Trial															-1.03	-0.97	-0.14	-0.91	-0.14

Competitive Comparison of CanXGold Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, CanXGold 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.

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

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

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

CanXGold Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CanXGold Mining's Debt to Equity Ratio for the fiscal year that ended in Nov. 2022 is calculated as

CanXGold Mining's Debt to Equity Ratio for the quarter that ended in May. 2023 is calculated as

* 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.

CanXGold Mining  (TSXV:CXG) 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.

CanXGold Mining Debt-to-Equity Related Terms

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CanXGold Mining (TSXV:CXG) Business Description