Desert Gold Ventures (TSXV:DAU) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Desert Gold Ventures Debt-to-Equity?

Desert Gold Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Desert Gold Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Desert Gold Ventures's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.24 Mil. Desert Gold Ventures's debt to equity for the quarter that ended in Dec. 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 Desert Gold Ventures's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Desert Gold Ventures was -0.51. The lowest was -0.51. And the median was -0.51.

TSXV:DAU'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.

Desert Gold Ventures Debt-to-Equity Historical Data

The historical data trend for Desert Gold Ventures'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.

Desert Gold Ventures Debt-to-Equity Chart

Desert Gold Ventures Annual Data

Trend

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Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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Desert Gold Ventures 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															-	-	-	-	-

Competitive Comparison of Desert Gold Ventures's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Desert Gold Ventures'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.

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

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

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

Desert Gold Ventures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Desert Gold Ventures'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	+	0)	/	0.235
	=	0.00

Desert Gold Ventures'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	+	0)	/	0.235
	=	0.00

Desert Gold Ventures (TSXV:DAU) 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.

Desert Gold Ventures Debt-to-Equity Related Terms

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Desert Gold Ventures (TSXV:DAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Desert Gold Ventures Inc (TSXV:DAU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DAUGF:USA QXR2:Germany

Address

9648-128th Street, Suite 210, Surrey, BC, CAN, V3T 2X9

Website

https://www.desertgold.ca

Desert Gold Ventures Inc is an exploration stage company. It is principally engaged in the business of acquisition, exploration, and development of mineral resource properties. The company conducts mineral property exploration in Mali and Rwanda. It holds an interest in Farabantourou exploration, Djimbala, and SMSZ project.

Executives

Don Dudek

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Desert Gold Ventures (TSXV:DAU) Headlines

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