Southern Cross Gold (ASX:SXG) Debt-to-Equity : 0.00 (As of Nov. 2023)

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What is Southern Cross Gold Debt-to-Equity?

Southern Cross Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was A$0.00 Mil. Southern Cross Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was A$0.00 Mil. Southern Cross Gold's Total Stockholders Equity for the quarter that ended in Nov. 2023 was A$29.50 Mil. Southern Cross Gold's debt to equity for the quarter that ended in Nov. 2023 was 0.00.

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

ASX:SXG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.01
Current: 0.01

During the past 1 years, the highest Debt-to-Equity Ratio of Southern Cross Gold was 0.01. The lowest was 0.01. And the median was 0.01.

ASX:SXG's Debt-to-Equity is ranked better than
99.92% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:SXG: 0.01

Southern Cross Gold Debt-to-Equity Historical Data

The historical data trend for Southern Cross 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.

Southern Cross Gold Debt-to-Equity Chart

Southern Cross Gold Annual Data

Trend

May23

Debt-to-Equity

0.01

Southern Cross Gold Semi-Annual Data
	Dec21	Nov22	May23	Nov23
Debt-to-Equity	-	-	0.01	-

Competitive Comparison of Southern Cross Gold's Debt-to-Equity

For the Gold subindustry, Southern Cross 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.

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

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

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

Southern Cross Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Southern Cross Gold's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(0.06	+	0.18)	/	31.18
	=	0.01

Southern Cross Gold's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0	+	0)	/	29.496
	=	0.00

Southern Cross Gold (ASX:SXG) 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.

Southern Cross Gold Debt-to-Equity Related Terms

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

Southern Cross Gold (ASX:SXG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Cross Gold Ltd (ASX:SXG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.southerncrossgold.com.au

Southern Cross Gold Ltd is a mining exploration company focused on gold exploration with projects in Victoria and Queensland, Australia. Its projects include Sunday Creek, Whroo, Redcastle, and Mt Isa.

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