Relevant Gold (TSXV:RGC) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Relevant Gold Debt-to-Equity?

Relevant Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Relevant Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Relevant Gold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$0.15 Mil. Relevant 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 Relevant Gold's Debt-to-Equity or its related term are showing as below:

TSXV:RGC'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.

Relevant Gold Debt-to-Equity Historical Data

The historical data trend for Relevant 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.

Relevant Gold Debt-to-Equity Chart

Relevant Gold Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

Relevant Gold Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							-	-	-	-	-

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

For the Gold subindustry, Relevant 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.

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

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

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

Relevant Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Relevant 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)	/	0.688
	=	0.00

Relevant 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)	/	0.149
	=	0.00

Relevant Gold (TSXV:RGC) 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.

Relevant Gold Debt-to-Equity Related Terms

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

Relevant Gold (TSXV:RGC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RGCCF:USA

Address

1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9

Website

https://www.relevantgoldcorp.com

Relevant Gold Corp is a mineral resource company. The company is focused on the acquisition, exploration, discovery, and development of mineral resource properties in Wyoming, USA. Its properties comprise Golden Buffalo gold property, Lewiston gold property, Windy Flats, Shield-Carissa property, and Bradley Peak property.

Executives

Mahesh Nalinda Liyanage

Senior Officer