Stuve Gold (TSXV:STUV) Debt-to-Equity : 0.21 (As of Mar. 2024)

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What is Stuve Gold Debt-to-Equity?

Stuve Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Stuve Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.68 Mil. Stuve Gold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$3.26 Mil. Stuve Gold's debt to equity for the quarter that ended in Mar. 2024 was 0.21.

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 Stuve Gold's Debt-to-Equity or its related term are showing as below:

TSXV:STUV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.16 Max: 0.21
Current: 0.21

During the past 6 years, the highest Debt-to-Equity Ratio of Stuve Gold was 0.21. The lowest was 0.15. And the median was 0.16.

TSXV:STUV's Debt-to-Equity is ranked worse than
56.23% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:STUV: 0.21

Stuve Gold Debt-to-Equity Historical Data

The historical data trend for Stuve 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.

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Stuve Gold Debt-to-Equity Chart

Stuve Gold Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

Stuve Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.15	0.15	0.16	0.19	0.21

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

For the Other Industrial Metals & Mining subindustry, Stuve 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.

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

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

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

Stuve Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Stuve 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	+	0.659)	/	3.408
	=	0.19

Stuve 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	+	0.678)	/	3.26
	=	0.21

Stuve Gold (TSXV:STUV) 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.

Stuve Gold Debt-to-Equity Related Terms

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

Stuve Gold (TSXV:STUV) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

903 - 8th Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0P7

Website

https://www.stuvegoldcorp.ca

Stuve Gold Corp is a mineral exploration company. It explores for gold, silver, copper and cobalt. , the group focuses on the COBA SW Project and the Santa Gracia Property. The group has a business presence in Canada and Chile.

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