Augusta Gold (Augusta Gold) Debt-to-Equity : 0.83 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Augusta Gold Debt-to-Equity?

Augusta Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25.39 Mil. Augusta Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Augusta Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $30.52 Mil. Augusta Gold's debt to equity for the quarter that ended in Dec. 2023 was 0.83.

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

AUGG' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.01 Med: -0.04 Max: 1.39
Current: 0.83

During the past 13 years, the highest Debt-to-Equity Ratio of Augusta Gold was 1.39. The lowest was -1.01. And the median was -0.04.

AUGG's Debt-to-Equity is ranked worse than
84.02% of 1314 companies
in the Metals & Mining industry
Industry Median: 0.13 vs AUGG: 0.83

Augusta Gold Debt-to-Equity Historical Data

The historical data trend for Augusta 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.

Augusta Gold Debt-to-Equity Chart

Augusta Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.39

0.83

Augusta Gold 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															1.39	0.82	0.76	0.75	0.83

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

For the Gold subindustry, Augusta 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.

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

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

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

Augusta Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Augusta 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
	=	(25.394	+	0)	/	30.518
	=	0.83

Augusta Gold'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
	=	(25.394	+	0)	/	30.518
	=	0.83

Augusta Gold (OTCPK:AUGG) 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.

Augusta Gold Debt-to-Equity Related Terms

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

Augusta Gold (Augusta Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Augusta Gold Corp (OTCPK:AUGG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

7RZ:Germany G:Canada

Address

999 Canada Place, Suite 555, Vancouver, BC, CAN, V6C 3E1

Website

https://www.augustagold.com

Augusta Gold Corp is an exploration-stage company. The company is primarily engaged in the acquisition and exploration of gold properties. It operates Bullfrog Project, located in Beatty town of Las Vegas, Nevada.

Executives

Augusta Investments Inc.	10 percent owner	SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1
Daniel Earle	director	C/O AUGUSTA INVESTMENTS INC., SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1
Thomas A. Ladner	officer: VP, Legal	C/O AUGUSTA INVESTMENTS INC., SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1
Richard W Warke	director, 10 percent owner, officer: Executive Chairman	SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1
James Robert Wickens	officer: Vice President, Operations	C/O AUGUSTA GOLD CORP., SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1
Lynette Gould	officer: Sr. VP, Inv Rel & Corp Dev	C/O AUGUSTA INVESTMENTS INC., SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1
Scott Burkett	officer: VP, Exploration	C/O AUGUSTA INVESTMENTS INC., SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1
Johnny Pappas	officer: VP, Environmental & Permitting	C/O AUGUSTA INVESTMENTS INC., SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1
Michael Mcclelland	officer: Chief Financial Officer	C/O AUGUSTA INVESTMENTS INC., SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1
Maryse Belanger	director, officer: President	C/O AUGUSTA INVESTMENTS INC., SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1
Poonam Puri	director	C/O AUGUSTA INVESTMENTS INC., SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1
Lenard F. Boggio	director	C/O AUGUSTA INVESTMENTS INC., SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1
Purni Parikh	officer: SR VP, Corp Affairs & Secr	C/O AUGUSTA INVESTMENTS INC., SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1
John A. Boehner	director	401 N. MAIN STREET, WINSTON-SALEM NC 27101
William Robert Morgan	officer: VP, Capital Projects	C/O AUGUSTA INVESTMENTS INC., SUITE 555, 999 CANADA PLACE, VANCOUVER A1 V6C 3E1