Kingsgate Consolidated (ASX:KCN) Debt-to-Equity : 1.41 (As of Dec. 2023)

View and export this data going back to 1988. Start your Free Trial

What is Kingsgate Consolidated Debt-to-Equity?

Kingsgate Consolidated's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$29.36 Mil. Kingsgate Consolidated's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$17.96 Mil. Kingsgate Consolidated's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$33.48 Mil. Kingsgate Consolidated's debt to equity for the quarter that ended in Dec. 2023 was 1.41.

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 Kingsgate Consolidated's Debt-to-Equity or its related term are showing as below:

ASX:KCN' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.52 Med: 0.41 Max: 19.84
Current: 1.41

During the past 13 years, the highest Debt-to-Equity Ratio of Kingsgate Consolidated was 19.84. The lowest was -2.52. And the median was 0.41.

ASX:KCN's Debt-to-Equity is ranked worse than
91.98% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:KCN: 1.41

Kingsgate Consolidated Debt-to-Equity Historical Data

The historical data trend for Kingsgate Consolidated'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.

Kingsgate Consolidated Debt-to-Equity Chart

Kingsgate Consolidated Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.34

1.03

1.34

-2.52

0.48

Kingsgate Consolidated Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															19.84	-2.52	-1.13	0.48	1.41

Competitive Comparison of Kingsgate Consolidated's Debt-to-Equity

For the Gold subindustry, Kingsgate Consolidated'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.

Kingsgate Consolidated's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Kingsgate Consolidated Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kingsgate Consolidated's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(12.756	+	11.286)	/	50.049
	=	0.48

Kingsgate Consolidated'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
	=	(29.358	+	17.961)	/	33.478
	=	1.41

Kingsgate Consolidated (ASX:KCN) 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.

Kingsgate Consolidated Debt-to-Equity Related Terms

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

Kingsgate Consolidated (ASX:KCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingsgate Consolidated Ltd (ASX:KCN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KSKGF:USA KCN:Germany KCN:Germany KCN:Germany

Address

200 George Street, Level 31, Sydney, NSW, AUS, 2000

Website

https://www.kingsgate.com.au

Kingsgate Consolidated Ltd is engaged in gold and silver mining, development, and exploration company based in Sydney, Australia. Its operating segment includes Chatree Gold Mine, Thailand, and Nueva Esperanza Gold/Silver Project, Chile. The company derives maximum revenue from the Chatree Gold Mine project.

Kingsgate Consolidated (ASX:KCN) Headlines

No Headlines