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LODE (Comstock) Debt-to-Equity : 0.24 (As of Sep. 2024)


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What is Comstock Debt-to-Equity?

Comstock's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1.14 Mil. Comstock's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $15.38 Mil. Comstock's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $67.96 Mil. Comstock's debt to equity for the quarter that ended in Sep. 2024 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 Comstock's Debt-to-Equity or its related term are showing as below:

LODE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1   Med: 0.51   Max: 1
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Comstock was 1.00. The lowest was 0.10. And the median was 0.51.

LODE's Debt-to-Equity is ranked worse than
60.38% of 1252 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LODE: 0.24

Comstock Debt-to-Equity Historical Data

The historical data trend for Comstock'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.

Comstock Debt-to-Equity Chart

Comstock Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.11 0.20 0.16 0.14

Comstock Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.14 0.16 0.14 0.24

Competitive Comparison of Comstock's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Comstock'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.


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

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

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



Comstock Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Comstock's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Comstock's Debt to Equity Ratio for the quarter that ended in Sep. 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.


Comstock  (AMEX:LODE) 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.


Comstock Debt-to-Equity Related Terms

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


Comstock Business Description

Traded in Other Exchanges
Address
117 American Flat Road, Virginia City, NV, USA, 89440
Comstock Inc is engaged in technologies that efficiently use wasted and under-utilized natural resources to produce renewable energy and other products that contribute to balancing uses and emissions of carbon and enhance mineral and material discoveries. The segments of the company are Fuels Metals, Mining, Strategic Investments, and Corporate. The company derives maximum revenue from Strategic Investments segment. The Strategic Investments Segment includes minority equity investments in Quantum Generative Materials LLC (physics-based artificial intelligence), Green Li-ion Pte Limited (lithium-ion battery recycling and cathode production), Sierra Springs Opportunity Fund (strategic direct investment in northern Nevada real estate), and other equity or equity-linked investments.
Executives
Leo M Drozdoff director 1200 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
Rahul Bobbili officer: Chief Process Engineer 1200 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
Degasperis Corrado F officer: CEO, Pres., PFO, CRO C/O COMSTOCK MINING INC., 117 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
William Joseph Mccarthy officer: Chief Operating Officer 1200 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
Mayaguez J Salinas director 117 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
Kristin Slanina director 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
David Winsness officer: Chief Technology Officer 117 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
Kevin Kreisler officer: President P.O. BOX 284, MT. ARLINGTON NJ 07856
William John Nance director 11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90025
Marting Walter A. Jr director 11055 VINCENT LANE, RENO NV 89511
Judd Merrill director 2425 CROOKED CANYON CT., RENO NV 89521
John Clark Gillam director PO BOX 1118,1800 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
Giron Juan Carlos Jr. officer: CFO and President 777 E. WISCONSIN AVENUE, MILWAUKEE WI 53202
Timothy Dwinell Smith officer: Chief Accounting Officer 1200 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
John V Winfield director, 10 percent owner 11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90025

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