BGL (Blue Gold) Debt-to-Equity: -0.17 (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BGL Blue Gold Ltd BGL
12 GF Score
Price $0.22
! 2 Warning Signs
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What is Blue Gold Debt-to-Equity?

Blue Gold BGL -10.90% 12 Debt-to-Equity is -0.17 as of Dec. 2025. GuruFocus rates BGL with a GF Score™ of 12/100. The stock has 2 warning signs investors should review. Among 1,222 Metals & Mining companies, Blue Gold ranks worse than 81832.98% on this metric.

Blue Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $3.47 Mil. Blue Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $0.00 Mil. Blue Gold's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $-20.16 Mil. Blue Gold's debt to equity for the quarter that ended in Dec. 2025 was -0.17.

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

BGL' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.06   Med: -0.3   Max: -0.17
Current: -0.17

During the past 3 years, the highest Debt-to-Equity Ratio of Blue Gold was -0.17. The lowest was -1.06. And the median was -0.30.

BGL's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.15 vs BGL: -0.17

Blue Gold  (NAS:BGL) 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.

Blue Gold Debt-to-Equity Related Terms

Blue Gold Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Blue 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.

Blue Gold Debt-to-Equity Chart

Blue Gold Annual Data
Trend Dec23 Dec24 Dec25
Debt-to-Equity
-1.06 -0.30 -0.17

Blue Gold Semi-Annual Data
Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-Equity -1.06 -1.06 -0.30 -0.22 -0.17

BGL vs NGLD, RYES, AUST: Debt-to-Equity Comparison

For the Gold subindustry, Blue 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.

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

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

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


BGL
12GF Score
Blue Gold Ltd BGL
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Blue Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Blue Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 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
=(3.469 + 0) / -20.161
=-0.17

Blue Gold's Debt to Equity Ratio for the quarter that ended in Dec. 2025 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
=(3.469 + 0) / -20.161
=-0.17

* 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 -0.17 mean?
Blue Gold (BGL) has a Debt-to-Equity of -0.17 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Blue Gold and its competitors. According to the industry distribution chart, Blue Gold ranks #999999 out of 1222 companies in the Metals & Mining industry.
Is Blue Gold's Debt-to-Equity too high?
Blue Gold's current Debt-to-Equity is -0.17. Based on the distribution chart, Blue Gold ranks #999999 out of 1222 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Blue Gold has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Blue Gold's Debt-to-Equity compare to NGLD and RYES?
According to the Metals & Mining industry distribution chart, Blue Gold ranks #999999 out of 1222 companies for Debt-to-Equity. This places Blue Gold in the lower half of its industry. The industry median Debt-to-Equity is 0.15. 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 0.15, based on 1,222 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 Blue Gold and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blue Gold's current Debt-to-Equity is -0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Gold stock overvalued right now?
Blue Gold (BGL) has a current Debt-to-Equity of -0.17. The current Debt-to-Equity is -0.17. Blue Gold's overall GF Score™ is 12/100 with 2 warning signs to review. 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 Blue Gold (BGL), the current Debt-to-Equity is -0.17 as of Dec. 2025. 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.

Blue Gold Business Description

Other Exchanges B9Z:Germany
Address Mourant Governance Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, Grand Cayman, CYM, KY1-1108
Blue Gold Ltd is a gold mining company engaged in the business of developing, financing, licensing, and operating gold mines in Ghana and elsewhere. Its flagship project is the Bogoso Prestea Mine in Ghana's Ashanti Gold Belt.
12GF Score

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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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