Kingman Minerals (TSXV:KGS) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Kingman Minerals Debt-to-Equity?

Kingman Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Kingman Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Kingman Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1.42 Mil. Kingman Minerals'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 Kingman Minerals's Debt-to-Equity or its related term are showing as below:

TSXV:KGS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.14 Max: 0.59
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Kingman Minerals was 0.59. The lowest was 0.07. And the median was 0.14.

TSXV:KGS's Debt-to-Equity is ranked better than
60.75% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:KGS: 0.07

Kingman Minerals Debt-to-Equity Historical Data

The historical data trend for Kingman Minerals'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.

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Kingman Minerals Debt-to-Equity Chart

Kingman Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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Kingman Minerals 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															0.10	0.09	-	-	-

Competitive Comparison of Kingman Minerals's Debt-to-Equity

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

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

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

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

Kingman Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kingman Minerals's Debt to Equity Ratio for the fiscal year that ended in Sep. 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)	/	1.44
	=	0.00

Kingman Minerals'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)	/	1.423
	=	0.00

Kingman Minerals (TSXV:KGS) 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.

Kingman Minerals Debt-to-Equity Related Terms

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Kingman Minerals (TSXV:KGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingman Minerals Ltd (TSXV:KGS) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

KGSSF:USA 47A1:Germany

Address

555 West Hastings Street, Suite 2150, Vancouver, BC, CAN, V6B 4N6

Website

https://www.kingmanminerals.com

Kingman Minerals Ltd is in the exploration stage and its principal business activity is the sourcing and exploration of mineral properties in North America. The Mohave Project is located in the Music Mountains in Mohave County, Arizona, and focuses on gold and silver minerals. The Cadillac East Property is situated approximately 55km east in the Province of Quebec and 500km northwest of the city of Montreal. The company operates in a single industry segment being the acquisition, exploration, and development of mineral properties.