Wesdome Gold Mines (Wesdome Gold Mines) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is Wesdome Gold Mines Debt-to-Equity?

Wesdome Gold Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $31.0 Mil. Wesdome Gold Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.6 Mil. Wesdome Gold Mines's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $318.5 Mil. Wesdome Gold Mines's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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

WDOFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.16
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Wesdome Gold Mines was 0.16. The lowest was 0.04. And the median was 0.08.

WDOFF's Debt-to-Equity is ranked better than
54.27% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs WDOFF: 0.10

Wesdome Gold Mines Debt-to-Equity Historical Data

The historical data trend for Wesdome 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.

Wesdome Gold Mines Debt-to-Equity Chart

Wesdome Gold Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.05

0.04

0.16

0.10

Wesdome 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															0.16	0.13	0.11	0.10	0.10

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

For the Gold subindustry, Wesdome 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.

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

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

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

Wesdome Gold Mines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wesdome 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
	=	(31.032	+	0.618)	/	318.5
	=	0.10

Wesdome 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
	=	(31.032	+	0.618)	/	318.5
	=	0.10

Wesdome Gold Mines (OTCPK:WDOFF) 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.

Wesdome Gold Mines Debt-to-Equity Related Terms

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Wesdome Gold Mines (Wesdome Gold Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wesdome Gold Mines Ltd (OTCPK:WDOFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RKVA:Germany WDO:Canada

Address

220 Bay Street, Suite 1200, Toronto, ON, CAN, M5J 2W4

Website

https://www.wesdome.com

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground, Kiena Complex and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.