Newlox Gold Ventures (XCNQ:LUX) Debt-to-Equity : 0.96 (As of Dec. 2023)

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What is Newlox Gold Ventures Debt-to-Equity?

Newlox Gold Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.58 Mil. Newlox Gold Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.84 Mil. Newlox Gold Ventures's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$3.58 Mil. Newlox Gold Ventures's debt to equity for the quarter that ended in Dec. 2023 was 0.96.

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

XCNQ:LUX' s Debt-to-Equity Range Over the Past 10 Years
Min: -7.54 Med: 0.32 Max: 22.34
Current: 0.96

During the past 12 years, the highest Debt-to-Equity Ratio of Newlox Gold Ventures was 22.34. The lowest was -7.54. And the median was 0.32.

XCNQ:LUX's Debt-to-Equity is ranked worse than
65.16% of 221 companies
in the Waste Management industry
Industry Median: 0.69 vs XCNQ:LUX: 0.96

Newlox Gold Ventures Debt-to-Equity Historical Data

The historical data trend for Newlox Gold Ventures'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.

Newlox Gold Ventures Debt-to-Equity Chart

Newlox Gold Ventures Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-7.54

0.91

0.64

Newlox Gold Ventures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.57	0.64	0.69	0.65	0.96

Competitive Comparison of Newlox Gold Ventures's Debt-to-Equity

For the Waste Management subindustry, Newlox Gold Ventures'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.

Newlox Gold Ventures's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Newlox Gold Ventures's Debt-to-Equity distribution charts can be found below:

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

Newlox Gold Ventures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Newlox Gold Ventures's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(2.4	+	0.03)	/	3.8
	=	0.64

Newlox Gold Ventures's Debt to Equity Ratio for the quarter 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
	=	(1.58	+	1.838)	/	3.576
	=	0.96

Newlox Gold Ventures (XCNQ:LUX) 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.

Newlox Gold Ventures Debt-to-Equity Related Terms

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Newlox Gold Ventures (XCNQ:LUX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Newlox Gold Ventures Corp (XCNQ:LUX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NWLXF:USA NGO:Germany

Address

355 Burrard Street, 10th Floor, Vancouver, BC, CAN, V6C 2G8

Website

https://www.newloxgold.com

Newlox Gold Ventures Corp is a Canada based environmental reclamation and mineral recovery company and is in the business of undertaking projects for the purpose of operating tailings remediation and fold recovery in Costa Rica.