Sabre Gold Mines (Sabre Gold Mines) Debt-to-Equity : 0.21 (As of Dec. 2023)

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What is Sabre Gold Mines Debt-to-Equity?

Sabre Gold Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.88 Mil. Sabre Gold Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.55 Mil. Sabre Gold Mines's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $21.25 Mil. Sabre Gold Mines's debt to equity for the quarter that ended in Dec. 2023 was 0.21.

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

SGLDF' s Debt-to-Equity Range Over the Past 10 Years
Min: -127.48 Med: 0.77 Max: 52.89
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Sabre Gold Mines was 52.89. The lowest was -127.48. And the median was 0.77.

SGLDF's Debt-to-Equity is ranked worse than
58.12% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SGLDF: 0.21

Sabre Gold Mines Debt-to-Equity Historical Data

The historical data trend for Sabre Gold Mines'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.

Sabre Gold Mines Debt-to-Equity Chart

Sabre Gold Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Dec22

Dec23

Debt-to-Equity

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8.94

-22.11

52.85

0.83

0.21

Sabre Gold Mines 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															0.83	0.44	0.45	0.63	0.21

Competitive Comparison of Sabre Gold Mines's Debt-to-Equity

For the Gold subindustry, Sabre Gold Mines'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.

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

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

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

Sabre Gold Mines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sabre Gold Mines'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
	=	(0.877	+	3.546)	/	21.251
	=	0.21

Sabre Gold Mines'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
	=	(0.877	+	3.546)	/	21.251
	=	0.21

Sabre Gold Mines (OTCPK:SGLDF) 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.

Sabre Gold Mines Debt-to-Equity Related Terms

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Sabre Gold Mines (Sabre Gold Mines) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

7AZ:Germany SGLD:Canada

Address

200 Burrard Street, Suite 250, Vancouver, BC, CAN, V6C 3L6

Website

https://www.sabre.gold

Sabre Gold Mines Corp is a mineral exploration and development company currently focused on advancing the fully permitted past-producing Copperstone mine and on the past-producing Brewery Creek mine. Its project is situated within the Arizona portion of the Prolific Walker Lane Belt in the Southwestern United States. It operates Gold Mine in La Paz County, Arizona, United States, and the Brewery Creek property in the Yukon, Canada.