Elevation Gold Mining (Elevation Gold Mining) Debt-to-Equity : 0.92 (As of Dec. 2023)

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What is Elevation Gold Mining Debt-to-Equity?

Elevation Gold Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9.62 Mil. Elevation Gold Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $21.11 Mil. Elevation Gold Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $33.56 Mil. Elevation Gold Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.92.

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

EVGDF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.37 Max: 0.92
Current: 0.92

During the past 13 years, the highest Debt-to-Equity Ratio of Elevation Gold Mining was 0.92. The lowest was 0.01. And the median was 0.37.

EVGDF's Debt-to-Equity is ranked worse than
86.2% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs EVGDF: 0.92

Elevation Gold Mining Debt-to-Equity Historical Data

The historical data trend for Elevation 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.

Elevation Gold Mining Debt-to-Equity Chart

Elevation Gold Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.41

0.43

0.13

0.23

0.92

Elevation Gold Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.36	0.50	0.56	0.92

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

For the Gold subindustry, Elevation 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.

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

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

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

Elevation Gold Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elevation Gold Mining's Debt to Equity Ratio for the fiscal year 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
	=	(9.621	+	21.107)	/	33.555
	=	0.92

Elevation Gold Mining'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
	=	(9.621	+	21.107)	/	33.555
	=	0.92

Elevation Gold Mining (OTCPK:EVGDF) 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.

Elevation Gold Mining Debt-to-Equity Related Terms

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Elevation Gold Mining (Elevation Gold Mining) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

54NA:Germany ELVT:Canada

Address

1188 West Georgia, Suite 1920, Vancouver, BC, CAN, V6E 4A2

Website

https://www.elevationgold.com

Elevation Gold Mining Corp operates as a precious metals exploration and mining company. It acquires, explores for, and develops mineral properties in the United States and Canada. The firm is focused on the reactivation of its Moss Mine Project. The company operates through a single segment which is the acquisition, exploration, development and production of precious metals.. It generates revenue from the sale of gold and silver.