Lahontan Gold (TSXV:LG) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Lahontan Gold Debt-to-Equity?

Lahontan Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Lahontan Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Lahontan Gold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$22.30 Mil. Lahontan Gold's debt to equity for the quarter that ended in Mar. 2024 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 Lahontan Gold's Debt-to-Equity or its related term are showing as below:

TSXV:LG'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.

Lahontan Gold Debt-to-Equity Historical Data

The historical data trend for Lahontan Gold'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.

Lahontan Gold Debt-to-Equity Chart

Lahontan Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Lahontan Gold Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Lahontan Gold's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Lahontan Gold'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.

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

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

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

Lahontan Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lahontan Gold'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)	/	22.393
	=	0.00

Lahontan Gold'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	+	0)	/	22.299
	=	0.00

Lahontan Gold (TSXV:LG) 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.

Lahontan Gold Debt-to-Equity Related Terms

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Lahontan Gold (TSXV:LG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lahontan Gold Corp (TSXV:LG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LGCXF:USA

Address

890 West Pender Street, Suite 600, Toronto, ON, CAN, V6C 1J9

Website

https://www.lahontangoldcorp.com

Lahontan Gold Corp is engaged in the exploration of gold and silver. The Company is an exploration stage junior mining company engaged in the identification, acquisition, evaluation and exploration of mineral properties in Nevada, USA. The projects of the company include Santa Fe, Moho, and Redlich located in Nevada.

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