Pangolin Diamonds (TSXV:PAN) Debt-to-Equity : -0.67 (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Pangolin Diamonds Debt-to-Equity?

Pangolin Diamonds's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.08 Mil. Pangolin Diamonds's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Pangolin Diamonds's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-1.63 Mil. Pangolin Diamonds's debt to equity for the quarter that ended in Dec. 2023 was -0.67.

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 Pangolin Diamonds's Debt-to-Equity or its related term are showing as below:

TSXV:PAN' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.17 Med: -0.02 Max: 0.56
Current: -0.67

During the past 13 years, the highest Debt-to-Equity Ratio of Pangolin Diamonds was 0.56. The lowest was -1.17. And the median was -0.02.

TSXV:PAN's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:PAN: -0.67

Pangolin Diamonds Debt-to-Equity Historical Data

The historical data trend for Pangolin Diamonds'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.

Pangolin Diamonds Debt-to-Equity Chart

Pangolin Diamonds Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.32

0.09

-0.69

-0.72

-0.62

Pangolin Diamonds 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															-0.61	-0.63	-0.62	-0.67	-0.67

Competitive Comparison of Pangolin Diamonds's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Pangolin Diamonds'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.

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

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

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

Pangolin Diamonds Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pangolin Diamonds's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.831	+	0)	/	-1.338
	=	-0.62

Pangolin Diamonds'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
	=	(1.082	+	0)	/	-1.627
	=	-0.67

Pangolin Diamonds (TSXV:PAN) 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.

Pangolin Diamonds Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Pangolin Diamonds's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Pangolin Diamonds (TSXV:PAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pangolin Diamonds Corp (TSXV:PAN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KGHZF:USA

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.pangolindiamonds.com

Pangolin Diamonds Corp is engaged in the acquisition, exploration, and development of mineral properties in Botswana, Africa. The business activity of the group functions through the diamond exploration and evaluation segment. It holds royalty interest in projects such as Malatswae, Moenyenana, and Motloutse diamond projects among others.

Pangolin Diamonds (TSXV:PAN) Headlines

No Headlines