Taura Gold (TSXV:TORA) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Taura Gold Debt-to-Equity?

Taura Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Taura Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Taura Gold's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$1.32 Mil. Taura Gold's debt to equity for the quarter that ended in Jan. 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 Taura Gold's Debt-to-Equity or its related term are showing as below:

During the past 4 years, the highest Debt-to-Equity Ratio of Taura Gold was 0.01. The lowest was 0.01. And the median was 0.01.

TSXV:TORA'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.

Taura Gold Debt-to-Equity Historical Data

The historical data trend for Taura 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.

Taura Gold Debt-to-Equity Chart

Taura Gold Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

0.01

Taura Gold Quarterly Data
	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial										-	-	-	-	-

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

For the Gold subindustry, Taura 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.

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

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

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

Taura Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Taura Gold's Debt to Equity Ratio for the fiscal year that ended in Oct. 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)	/	1.443
	=	0.00

Taura Gold's Debt to Equity Ratio for the quarter that ended in Jan. 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)	/	1.32
	=	0.00

Taura Gold (TSXV:TORA) 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.

Taura Gold Debt-to-Equity Related Terms

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

Taura Gold (TSXV:TORA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Taura Gold Inc (TSXV:TORA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Burrard Street, Suite 1680, Vancouver, BC, CAN, V6C 3L6

Website

https://www.tauragold.com

Taura Gold Inc is engaged in the exploration and development of mineral properties. The company operates through a single project including the Shabu River Project.

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