Seabridge Gold (Seabridge Gold) Debt-to-Equity : 0.79 (As of Dec. 2023)

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What is Seabridge Gold Debt-to-Equity?

Seabridge Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.28 Mil. Seabridge Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $428.56 Mil. Seabridge Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $544.07 Mil. Seabridge Gold's debt to equity for the quarter that ended in Dec. 2023 was 0.79.

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

SA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.36 Max: 0.79
Current: 0.79

During the past 13 years, the highest Debt-to-Equity Ratio of Seabridge Gold was 0.79. The lowest was 0.00. And the median was 0.36.

SA's Debt-to-Equity is ranked worse than
84.03% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SA: 0.79

Seabridge Gold Debt-to-Equity Historical Data

The historical data trend for Seabridge 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.

Seabridge Gold Debt-to-Equity Chart

Seabridge Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.36

0.79

Seabridge 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															0.36	0.39	0.60	0.65	0.79

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

For the Gold subindustry, Seabridge 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.

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

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

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

Seabridge Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Seabridge 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
	=	(0.278	+	428.556)	/	544.069
	=	0.79

Seabridge 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
	=	(0.278	+	428.556)	/	544.069
	=	0.79

Seabridge Gold (NYSE:SA) 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.

Seabridge Gold Debt-to-Equity Related Terms

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Seabridge Gold (Seabridge Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Seabridge Gold Inc (NYSE:SA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SRM:Germany SRM:Germany SEA:Canada

Address

106 Front Street East, Suite 400, Toronto, ON, CAN, M5A 1E1

Website

https://www.seabridgegold.com

Seabridge Gold Inc is a development stage company involved in the evaluation, acquisition, exploration, and development of gold properties sited in North America. The company's principal projects include the Kerr-Sulphurets-Mitchell property located in British Columbia, the Courageous Lake property located in the Northwest Territories and its newly acquired Iksut Property located in northwestern British Columbia. It has various other mineral resource projects throughout North America.