Trifecta Gold (TSXV:TG) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Trifecta Gold Debt-to-Equity?

Trifecta Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Trifecta Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Trifecta Gold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$3.99 Mil. Trifecta 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 Trifecta Gold's Debt-to-Equity or its related term are showing as below:

TSXV:TG'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.

Trifecta Gold Debt-to-Equity Historical Data

The historical data trend for Trifecta 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.

Trifecta Gold Debt-to-Equity Chart

Trifecta Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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Trifecta 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															-	-	-	-	-

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

For the Gold subindustry, Trifecta 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.

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

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

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

Trifecta Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trifecta 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)	/	4.103
	=	0.00

Trifecta 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)	/	3.986
	=	0.00

Trifecta Gold (TSXV:TG) 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.

Trifecta Gold Debt-to-Equity Related Terms

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Trifecta Gold (TSXV:TG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trifecta Gold Ltd (TSXV:TG) » Definitions » Debt-to-Equity

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TRRFF:USA

Address

1100 Melville Street, Suite 510, Vancouver, BC, CAN, V6E 4A6

Website

https://www.trifectagold.com

Trifecta Gold Ltd is a precious metal-focused exploration company in Canada. The company's principal business activity is the acquisition, exploration, and evaluation of mineral properties. The company focuses on exploring for gold and silver ores. It focuses on developing gold projects including Eureka Project, Trident Gold Project, Treble, and Yuge.

Executives