California Gold Mining (California Gold Mining) Debt-to-Equity : 29.81 (As of May. 2021)

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What is California Gold Mining Debt-to-Equity?

California Gold Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2021 was $3.07 Mil. California Gold Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2021 was $0.12 Mil. California Gold Mining's Total Stockholders Equity for the quarter that ended in May. 2021 was $0.11 Mil. California Gold Mining's debt to equity for the quarter that ended in May. 2021 was 29.81.

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

CFGMF' s Debt-to-Equity Range Over the Past 10 Years
Min: -29.14 Med: -0.05 Max: 29.75
Current: 29.75

During the past 13 years, the highest Debt-to-Equity Ratio of California Gold Mining was 29.75. The lowest was -29.14. And the median was -0.05.

CFGMF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs CFGMF: 29.75

California Gold Mining Debt-to-Equity Historical Data

The historical data trend for California Gold Mining'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.

California Gold Mining Debt-to-Equity Chart

California Gold Mining Annual Data

Trend

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Debt-to-Equity

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0.08

0.24

2.32

California Gold Mining Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
Debt-to-Equity	Get a 7-Day Free Trial															0.61	2.32	3.46	4.80	29.81

Competitive Comparison of California Gold Mining's Debt-to-Equity

For the Gold subindustry, California Gold Mining'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.

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

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

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

California Gold Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

California Gold Mining's Debt to Equity Ratio for the fiscal year that ended in Aug. 2020 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
	=	(2.988	+	0.132)	/	1.348
	=	2.31

California Gold Mining's Debt to Equity Ratio for the quarter that ended in May. 2021 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
	=	(3.073	+	0.117)	/	0.107
	=	29.81

California Gold Mining (OTCPK:CFGMF) 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.

California Gold Mining Debt-to-Equity Related Terms

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California Gold Mining (California Gold Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » California Gold Mining Inc (OTCPK:CFGMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1800, 130 King Street W., Toronto, ON, CAN, M5X 1E3

Website

http://www.caligold.ca

California Gold Mining Inc is a Canada-based mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties. The company's project consists of Fremont project and Dingman project.