Altamira Gold (Altamira Gold) Debt-to-Equity : 0.00 (As of Nov. 2023)

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What is Altamira Gold Debt-to-Equity?

Altamira Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Altamira Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Altamira Gold's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $17.87 Mil. Altamira 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 Altamira Gold's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Altamira Gold was 0.02. The lowest was 0.02. And the median was 0.02.

EQTRF's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Altamira Gold Debt-to-Equity Historical Data

The historical data trend for Altamira 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.

Altamira Gold Debt-to-Equity Chart

Altamira Gold Annual Data

Trend

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Debt-to-Equity

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Altamira Gold Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Altamira Gold's Debt-to-Equity

For the Gold subindustry, Altamira 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.

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

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

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

Altamira Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Altamira Gold's Debt to Equity Ratio for the fiscal year that ended in Feb. 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)	/	13.971
	=	0.00

Altamira 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)	/	17.873
	=	0.00

Altamira Gold (OTCPK:EQTRF) 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.

Altamira Gold Debt-to-Equity Related Terms

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Altamira Gold (Altamira Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altamira Gold Corp (OTCPK:EQTRF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

T6UP:Germany ALTA:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.altamiragold.com

Altamira Gold Corp is a junior natural resource company. Principally, it is engaged in the acquisition, exploration, development, and mining of mineral properties. Its project consists of Cajueiro Project, Crepori Project, Apiacas Project, Nova Canaa, Santa Helena and others. The geographical segments of the group are Canada and Brazil.

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