KGL Resources (KGL Resources) Debt-to-Equity : -0.20 (As of Dec. 2023)

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What is KGL Resources Debt-to-Equity?

KGL Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.13 Mil. KGL Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. KGL Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.65 Mil. KGL Resources's debt to equity for the quarter that ended in Dec. 2023 was -0.20.

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 KGL Resources's Debt-to-Equity or its related term are showing as below:

KOGMF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.08 Med: -0.45 Max: 10.6
Current: -0.2

During the past 13 years, the highest Debt-to-Equity Ratio of KGL Resources was 10.60. The lowest was -1.08. And the median was -0.45.

KOGMF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs KOGMF: -0.20

KGL Resources Debt-to-Equity Historical Data

The historical data trend for KGL Resources'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.

KGL Resources Debt-to-Equity Chart

KGL Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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-0.41

-0.50

-0.49

-0.24

-0.21

KGL Resources 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	-0.23	-0.22	-0.21	-0.20

Competitive Comparison of KGL Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, KGL Resources'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.

KGL Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

KGL Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

KGL Resources's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.127	+	0)	/	-0.617
	=	-0.21

KGL Resources'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
	=	(0.13	+	0)	/	-0.645
	=	-0.20

KGL Resources (OTCPK:KOGMF) 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.

KGL Resources Debt-to-Equity Related Terms

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