Veris Gold (Veris Gold) Debt-to-Equity : 6.17 (As of Sep. 2014)

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What is Veris Gold Debt-to-Equity?

Veris Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2014 was $107.0 Mil. Veris Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2014 was $0.6 Mil. Veris Gold's Total Stockholders Equity for the quarter that ended in Sep. 2014 was $17.4 Mil. Veris Gold's debt to equity for the quarter that ended in Sep. 2014 was 6.17.

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

YNGFF's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Veris Gold Debt-to-Equity Historical Data

The historical data trend for Veris 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.

Veris Gold Debt-to-Equity Chart

Veris Gold Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Debt-to-Equity

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-0.34

0.09

2.12

Veris Gold Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Debt-to-Equity	Get a 7-Day Free Trial															0.22	2.12	3.15	4.29	6.17

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

For the Gold subindustry, Veris 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.

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

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

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

Veris Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Veris Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 2013 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
	=	(90.483	+	8.054)	/	46.485
	=	2.12

Veris Gold's Debt to Equity Ratio for the quarter that ended in Sep. 2014 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
	=	(106.985	+	0.649)	/	17.438
	=	6.17

Veris Gold (OTCPK:YNGFF) 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.

Veris Gold Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Veris Gold's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Veris Gold (Veris Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

688 West Hastings Street, Suite 900, Vancouver, BC, CAN, V6B 1P1

Website

http://www.verisgold.com

Veris Gold Corp is a Canadian based company engaged in the gold mining activities. It is engaged in the mining, exploration, and development of mineral properties located in Canada and the United States. The company primarily holds an interest in Jerritt Canyon gold mine located in Elko, Nevada; and the Ketza River property located in the Yukon Territory in Canada. Veris primarily explores for gold, silver, zinc, and copper properties.

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