LUGDF (Lundin Gold) Debt-to-Equity: 0.00 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LUGDF Lundin Gold Inc LUGDF
81 GF Score
Price $54.77
GF Value $46.77
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Lundin Gold Debt-to-Equity?

Lundin Gold LUGDF +1.90% 81 Debt-to-Equity is 0.00 as of Mar. 2026. GuruFocus rates LUGDF with a GF Score™ of 81/100 and a GF Value™ of $46.77 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,221 Metals & Mining companies, Lundin Gold ranks worse than 81900% on this metric.

Lundin Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0 Mil. Lundin Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0 Mil. Lundin Gold's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $1,363 Mil. Lundin Gold's debt to equity for the quarter that ended in Mar. 2026 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 Lundin Gold's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Lundin Gold was 1.83. The lowest was 0.03. And the median was 0.68.

LUGDF's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.15
* Ranked among companies with meaningful Debt-to-Equity only.

Lundin Gold  (OTCPK:LUGDF) 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.


Lundin Gold Debt-to-Equity Related Terms


Lundin Gold Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Lundin 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.

Lundin Gold Debt-to-Equity Chart

Lundin Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.75 0.29 0.00 0.00

Lundin Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.00 0.00

LUGDF vs NEM, AU: Debt-to-Equity Comparison

For the Gold subindustry, Lundin 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.


Lundin Gold Debt-to-Equity vs Metals & Mining Industry

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

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


LUGDF
81GF Score
Lundin Gold Inc LUGDF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lundin Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lundin Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Lundin Gold's Debt to Equity Ratio for the quarter that ended in Mar. 2026 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.00 mean?
Lundin Gold (LUGDF) has a Debt-to-Equity of 0.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lundin Gold and its competitors. Over the past decade, Lundin Gold's Debt-to-Equity has ranged from 0.03 to 1.83. According to the industry distribution chart, Lundin Gold ranks #999999 out of 1221 companies in the Metals & Mining industry.
Is Lundin Gold's Debt-to-Equity too high?
Lundin Gold's current Debt-to-Equity is 0.00. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 1.83. Based on the distribution chart, Lundin Gold ranks #999999 out of 1221 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Lundin Gold has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lundin Gold's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Lundin Gold ranks #999999 out of 1221 companies for Debt-to-Equity. This places Lundin Gold in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Historically, Lundin Gold's own Debt-to-Equity has ranged from 0.03 to 1.83 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,221 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lundin Gold and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lundin Gold's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lundin Gold stock overvalued right now?
Based on GuruFocus' analysis, Lundin Gold (LUGDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $46.77, compared to a current price of $54.77 — trading 17.1% above its estimated fair value. The current Debt-to-Equity is 0.00. Lundin Gold's overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Lundin Gold (LUGDF), the current Debt-to-Equity is 0.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lundin Gold (LUGDF) Overvalued in 2026?

Based on GuruFocus' analysis, Lundin Gold stock appears to be overvalued. The current stock price of $54.77 is trading 17.1% above its estimated GF Value™ of $46.77. GuruFocus considers Lundin Gold to be Modestly Overvalued.

Key valuation signals for LUGDF:

  • Debt-to-Equity: 0.00
  • GF Value™: $46.77 vs. price of $54.77 (17.1% above fair value)
  • GF Score™: 81/100 with 1 warning sign

No single metric tells the full story. See the LUGDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lundin Gold Business Description

Address 1055 Dunsmuir Street, Suite 2800, Four Bentall Centre, Po Box 49225, Vancouver, BC, CAN, V7X 1L2
Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador. The company[s primary business activity is the Fruta del Norte operating mine in Ecuador which derives majority of its revenues.
81GF Score

Get the complete analysis for LUGDF

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$54.77
Price
$46.77
GF Value