Headwater Gold (XCNQ:HWG) Debt-to-Equity : 0.05 (As of Nov. 2023)

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What is Headwater Gold Debt-to-Equity?

Headwater Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.18 Mil. Headwater Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.27 Mil. Headwater Gold's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$8.60 Mil. Headwater Gold's debt to equity for the quarter that ended in Nov. 2023 was 0.05.

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

XCNQ:HWG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.06
Current: 0.05

During the past 4 years, the highest Debt-to-Equity Ratio of Headwater Gold was 0.06. The lowest was 0.02. And the median was 0.03.

XCNQ:HWG's Debt-to-Equity is ranked better than
66.46% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:HWG: 0.05

Headwater Gold Debt-to-Equity Historical Data

The historical data trend for Headwater 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.

Headwater Gold Debt-to-Equity Chart

Headwater Gold Annual Data

Trend

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

0.02

0.04

Headwater Gold Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial											0.06	0.04	0.04	0.04	0.05

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

For the Gold subindustry, Headwater 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.

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

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

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

Headwater Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Headwater Gold's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(0.142	+	0.193)	/	7.957
	=	0.04

Headwater Gold's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.18	+	0.265)	/	8.597
	=	0.05

Headwater Gold (XCNQ:HWG) 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.

Headwater Gold Debt-to-Equity Related Terms

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

Headwater Gold (XCNQ:HWG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Headwater Gold Inc (XCNQ:HWG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HWAUF:USA

Address

1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4

Website

https://www.headwatergold.com

Headwater Gold Inc is a mineral exploration company focused on exploring high-grade precious metal deposits in the Western USA. The company has projects in Nevada and Idaho - Oregon. The Company has one operating segment, the exploration of mineral properties. Geographically, it operates in The United States and Canada.

Executives

Caleb Stroup

Director, Senior Officer

Headwater Gold (XCNQ:HWG) Headlines

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