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JLRRF (South Atlantic Gold) Debt-to-Equity : 0.00 (As of Nov. 2024)


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What is South Atlantic Gold Debt-to-Equity?

South Atlantic Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was $0.00 Mil. South Atlantic Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was $0.00 Mil. South Atlantic Gold's Total Stockholders Equity for the quarter that ended in Nov. 2024 was $2.47 Mil. South Atlantic Gold's debt to equity for the quarter that ended in Nov. 2024 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 South Atlantic Gold's Debt-to-Equity or its related term are showing as below:

JLRRF's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

South Atlantic Gold Debt-to-Equity Historical Data

The historical data trend for South Atlantic 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.

South Atlantic Gold Debt-to-Equity Chart

South Atlantic Gold Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Debt-to-Equity
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South Atlantic Gold Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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Competitive Comparison of South Atlantic Gold's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, South Atlantic 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.


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

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

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


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South Atlantic Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

South Atlantic Gold's Debt to Equity Ratio for the fiscal year that ended in Feb. 2024 is calculated as

South Atlantic Gold's Debt to Equity Ratio for the quarter that ended in Nov. 2024 is calculated as

* 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.


South Atlantic Gold  (OTCPK:JLRRF) 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.


South Atlantic Gold Debt-to-Equity Related Terms

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


South Atlantic Gold Business Description

Traded in Other Exchanges
Address
1632 Dickson Avenue, Suite 335, Landmark 3, Kelowna, BC, CAN, V1Y 7T2
South Atlantic Gold Inc is primarily engaged in the acquisition, exploration, and development of mineral properties located in Brazil and Canada. The company's current properties include the Pendra Branca Project in Brazil and the Bigg Kidd project currently under the option and located in British Columbia.

South Atlantic Gold Headlines

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