Southgobi Resources (Southgobi Resources) Debt-to-Equity : -1.40 (As of Dec. 2023)

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What is Southgobi Resources Debt-to-Equity?

Southgobi Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $104.4 Mil. Southgobi Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $92.9 Mil. Southgobi Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-141.3 Mil. Southgobi Resources's debt to equity for the quarter that ended in Dec. 2023 was -1.40.

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 Southgobi Resources's Debt-to-Equity or its related term are showing as below:

SGQRF' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.26 Med: -1.49 Max: 15.85
Current: -1.4

During the past 13 years, the highest Debt-to-Equity Ratio of Southgobi Resources was 15.85. The lowest was -3.26. And the median was -1.49.

SGQRF's Debt-to-Equity is not ranked
in the Other Energy Sources industry.
Industry Median: 0.24 vs SGQRF: -1.40

Southgobi Resources Debt-to-Equity Historical Data

The historical data trend for Southgobi Resources'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.

Southgobi Resources Debt-to-Equity Chart

Southgobi Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-3.26

-2.43

-2.13

-1.58

-1.40

Southgobi Resources 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															-1.58	-1.72	-1.22	-1.39	-1.40

Competitive Comparison of Southgobi Resources's Debt-to-Equity

For the Thermal Coal subindustry, Southgobi Resources'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.

Southgobi Resources's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Southgobi Resources's Debt-to-Equity distribution charts can be found below:

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

Southgobi Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Southgobi Resources'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
	=	(104.356	+	92.935)	/	-141.332
	=	-1.40

Southgobi Resources'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
	=	(104.356	+	92.935)	/	-141.332
	=	-1.40

Southgobi Resources (OTCPK:SGQRF) 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.

Southgobi Resources Debt-to-Equity Related Terms

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Southgobi Resources (Southgobi Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Southgobi Resources Ltd (OTCPK:SGQRF) » Definitions » Debt-to-Equity

Traded in Other Exchanges

01878:Hong Kong SGQ:Canada

Address

355 Burrard Street, Suite 1150, Vancouver, BC, CAN, V6C 2G8

Website

https://www.southgobi.com

Southgobi Resources Ltd together with its subsidiaries is an integrated coal mining, development, and exploration company. Its reportable operating segment is its Coal Division which is principally engaged in coal mining, development, and exploration in Mongolia and logistics and trading of coal in Mongolia and China. The company also holds the mining and exploration licenses of other metallurgical and thermal coal deposits in the South Gobi Province of Mongolia. The company owns the following operating coal mine and coal projects in Mongolia: the Ovoot Tolgoi Mine, Zag Suuj Project, and the Soumber Project.