Kore Mining (Kore Mining) Debt-to-Equity : 0.24 (As of Dec. 2023)

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What is Kore Mining Debt-to-Equity?

Kore Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.23 Mil. Kore Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Kore Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $0.96 Mil. Kore Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

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

KOREF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.24
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Kore Mining was 0.24. The lowest was 0.02. And the median was 0.04.

KOREF's Debt-to-Equity is ranked worse than
60.81% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs KOREF: 0.24

Kore Mining Debt-to-Equity Historical Data

The historical data trend for Kore 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.

Kore Mining Debt-to-Equity Chart

Kore Mining Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.04

0.03

0.24

Kore 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															0.03	0.02	-	0.22	0.24

Competitive Comparison of Kore Mining's Debt-to-Equity

For the Gold subindustry, Kore 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.

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

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

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

Kore Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kore 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
	=	(0.234	+	0)	/	0.961
	=	0.24

Kore 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
	=	(0.234	+	0)	/	0.961
	=	0.24

Kore Mining (OTCPK:KOREF) 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.

Kore Mining Debt-to-Equity Related Terms

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

Kore Mining (Kore Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kore Mining Ltd (OTCPK:KOREF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EUSA:Germany KORE:Canada

Address

1055 West Hastings Street, Suite 960, Vancouver, BC, CAN, V6B 0B8

Website

https://www.koremining.com

Kore Mining Ltd is an exploration and development stage company. It is engaged in the acquisition, exploration, and development of exploration and evaluation properties in the United States and Canada. The company owns interests in the Imperial and Long Valley gold development projects, located in California, USA, as well as projects in British Columbia, Canada.