Osisko Development (TSXV:ODV) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Osisko Development Debt-to-Equity?

Osisko Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$12.87 Mil. Osisko Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$5.73 Mil. Osisko Development's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$585.19 Mil. Osisko Development's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 Osisko Development's Debt-to-Equity or its related term are showing as below:

TSXV:ODV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.03
Current: 0.03

During the past 5 years, the highest Debt-to-Equity Ratio of Osisko Development was 0.03. The lowest was 0.00. And the median was 0.02.

TSXV:ODV's Debt-to-Equity is ranked better than
75.19% of 1314 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:ODV: 0.03

Osisko Development Debt-to-Equity Historical Data

The historical data trend for Osisko Development'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.

Osisko Development Debt-to-Equity Chart

Osisko Development Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.02

0.03

Osisko Development Quarterly Data
	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												0.03	0.03	0.03	0.03	0.03

Competitive Comparison of Osisko Development's Debt-to-Equity

For the Gold subindustry, Osisko Development'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.

Osisko Development's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Osisko Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Osisko Development'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
	=	(12.87	+	5.726)	/	585.188
	=	0.03

Osisko Development'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
	=	(12.87	+	5.726)	/	585.188
	=	0.03

Osisko Development (TSXV:ODV) 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.

Osisko Development Debt-to-Equity Related Terms

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Osisko Development (TSXV:ODV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Osisko Development Corp (TSXV:ODV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ODV:USA 3OZ0:Germany 3OZ0:Germany

Address

1100, Avenue des Canadiens-de-Montreal, Suite 300, P.O. Box 211, Montreal, QC, CAN, H3B 2S2

Website

https://www.osiskodev.com

Osisko Development Corp is a mineral exploration and development company engaged in the acquisition, exploration and development of precious metals resource properties in North America. The company is focused on exploring and developing its mining assets, including the Cariboo Gold Project in British Columbia, the San Antonio gold project in Mexico and the Trixie test mine in the USA. The Company manages its business through the exploration, evaluation and development activities of its projects.