Atlantic Gold NL (ASX:ATVCD) Debt-to-Equity: 0.03 (As of Dec. 2013)

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What is Atlantic Gold NL Debt-to-Equity?

Atlantic Gold NL ASX:ATVCD Debt-to-Equity is 0.03 as of Dec. 2013. The stock has 3 warning signs investors should review.

Atlantic Gold NL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2013 was A$1.00 Mil. Atlantic Gold NL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2013 was A$0.00 Mil. Atlantic Gold NL's Total Stockholders Equity for the quarter that ended in Dec. 2013 was A$29.01 Mil. Atlantic Gold NL's debt to equity for the quarter that ended in Dec. 2013 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 Atlantic Gold NL's Debt-to-Equity or its related term are showing as below:

ASX:ATVCD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0
Current: 0.03
ASX:ATVCD's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.14 vs ASX:ATVCD: 0.03

Atlantic Gold NL  (ASX:ATVCD) 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.

Atlantic Gold NL Debt-to-Equity Related Terms

Atlantic Gold NL Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Atlantic Gold NL'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.

Atlantic Gold NL Debt-to-Equity Chart

Atlantic Gold NL Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.04 0.03

Atlantic Gold NL Semi-Annual Data
Jun04 Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
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 0.00 0.00 0.04 0.04 0.03

Atlantic Gold NL Debt-to-Equity Competitor Comparison

For the Gold subindustry, Atlantic Gold NL'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.

Atlantic Gold NL Debt-to-Equity vs Metals & Mining Industry

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

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


Atlantic Gold NL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Atlantic Gold NL'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
=(1 + 0) / 29.007
=0.03

Atlantic Gold NL's Debt to Equity Ratio for the quarter 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
=(1 + 0) / 29.007
=0.03

* 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 0.03 mean?
Atlantic Gold NL (ASX:ATVCD) has a Debt-to-Equity of 0.03 as of Dec. 2013. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Atlantic Gold NL and its competitors.
Is Atlantic Gold NL's Debt-to-Equity too high?
Atlantic Gold NL's current Debt-to-Equity is 0.03. The Metals & Mining industry median Debt-to-Equity is 0.14. Atlantic Gold NL's value of 0.03 is 78.6% below this industry median.
How does Atlantic Gold NL's Debt-to-Equity compare to competitors?
Atlantic Gold NL's Debt-to-Equity of 0.03 can be compared against companies in the Metals & Mining industry. The industry median Debt-to-Equity is 0.14. Atlantic Gold NL's value of 0.03 is 78.6% below this benchmark. 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 1,224 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. Atlantic Gold NL's current Debt-to-Equity of 0.03 is 78.6% below the industry median. 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 Atlantic Gold NL 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. Atlantic Gold NL's current Debt-to-Equity is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlantic Gold NL stock overvalued right now?
Atlantic Gold NL (ASX:ATVCD) has a current Debt-to-Equity of 0.03. The current Debt-to-Equity is 0.03 and 78.6% below the Metals & Mining industry median of 0.14. 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 Atlantic Gold NL (ASX:ATVCD), the current Debt-to-Equity is 0.03 as of Dec. 2013. 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.

Atlantic Gold NL Business Description

Atlantic Gold NL (ATV, former Diamond Ventures NL) is primarily involved in the exploration of gold and diamonds in Australia and Canada. Current focus is on the development of the Touquoy project in Canada.