AGCZ (Andes Gold) Debt-to-Equity: -2.48 (As of Dec. 2003)

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What is Andes Gold Debt-to-Equity?

Andes Gold AGCZ Debt-to-Equity is -2.48 as of Dec. 2003.

Andes Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2003 was $1.42 Mil. Andes Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2003 was $0.73 Mil. Andes Gold's Total Stockholders Equity for the quarter that ended in Dec. 2003 was $-0.87 Mil. Andes Gold's debt to equity for the quarter that ended in Dec. 2003 was -2.48.

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

AGCZ's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

Andes Gold  (OTCPK:AGCZ) 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.

Andes Gold Debt-to-Equity Related Terms

Andes Gold Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Andes 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.

Andes Gold Debt-to-Equity Chart

Andes Gold Annual Data
Trend Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 5.54 4.27 -2.48

Andes Gold Quarterly Data
Jun98 Sep98 Dec98 Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.27 3.33 102.24 -54.80 -2.48

Andes Gold Debt-to-Equity Competitor Comparison

For the Gold subindustry, Andes 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.

Andes Gold Debt-to-Equity vs Metals & Mining Industry

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

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


Andes Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Andes Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 2003 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
=(1.424 + 0.733) / -0.871
=-2.48

Andes Gold's Debt to Equity Ratio for the quarter that ended in Dec. 2003 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
=(1.424 + 0.733) / -0.871
=-2.48

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -2.48 mean?
Andes Gold (AGCZ) has a Debt-to-Equity of -2.48 as of Dec. 2003. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Andes Gold and its competitors.
Is Andes Gold's Debt-to-Equity too high?
Andes Gold's current Debt-to-Equity is -2.48.
How does Andes Gold's Debt-to-Equity compare to competitors?
Andes Gold's Debt-to-Equity of -2.48 can be compared against companies in the Metals & Mining industry. The industry median Debt-to-Equity is 0.14. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.14, based on 1,229 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Andes Gold and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Andes Gold's current Debt-to-Equity is -2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Andes Gold stock overvalued right now?
Andes Gold (AGCZ) has a current Debt-to-Equity of -2.48. The current Debt-to-Equity is -2.48. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Andes Gold (AGCZ), the current Debt-to-Equity is -2.48 as of Dec. 2003. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Andes Gold Business Description

Address 1200 N. Federal Highway, Suite 200, Boca Raton, FL, USA, 33432
Andes Gold Corp is the operator of leased properties which it mines for mineral resources, specifically, gold. The company develops and produces gold assets in Ecuador and South America.