MAGE (Magellan Copper and Gold) Debt-to-Equity: -0.38 (As of Mar. 2026)

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What is Magellan Copper and Gold Debt-to-Equity?

Magellan Copper and Gold MAGE +4.48% Debt-to-Equity is -0.38 as of Mar. 2026. The stock has 1 warning sign investors should review. Among 1,219 Metals & Mining companies, Magellan Copper and Gold ranks worse than 82034.37% on this metric.

Magellan Copper and Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.86 Mil. Magellan Copper and Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.00 Mil. Magellan Copper and Gold's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $-2.27 Mil. Magellan Copper and Gold's debt to equity for the quarter that ended in Mar. 2026 was -0.38.

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 Magellan Copper and Gold's Debt-to-Equity or its related term are showing as below:

MAGE' s Debt-to-Equity Range Over the Past 10 Years
Min: -13.53   Med: -1.03   Max: 25.35
Current: -0.38

During the past 13 years, the highest Debt-to-Equity Ratio of Magellan Copper and Gold was 25.35. The lowest was -13.53. And the median was -1.03.

MAGE's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.15 vs MAGE: -0.38

Magellan Copper and Gold  (OTCPK:MAGE) 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.

Magellan Copper and Gold Debt-to-Equity Related Terms

Magellan Copper and Gold Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Magellan Copper and 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.

Magellan Copper and Gold Debt-to-Equity Chart

Magellan Copper and 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 -2.95 -0.63 -0.52 -0.48 -0.41

Magellan Copper and 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 -0.46 -0.46 -0.43 -0.41 -0.38

MAGE vs ALGLF, PGOL, GKOR: Debt-to-Equity Comparison

For the Gold subindustry, Magellan Copper and 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.

Magellan Copper and Gold Debt-to-Equity vs Metals & Mining Industry

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

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


Magellan Copper and Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magellan Copper and Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 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
=(0.859 + 0) / -2.093
=-0.41

Magellan Copper and Gold's Debt to Equity Ratio for the quarter that ended in Mar. 2026 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
=(0.859 + 0) / -2.265
=-0.38

* 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 -0.38 mean?
Magellan Copper and Gold (MAGE) has a Debt-to-Equity of -0.38 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Magellan Copper and Gold and its competitors. According to the industry distribution chart, Magellan Copper and Gold ranks #999999 out of 1219 companies in the Metals & Mining industry.
Is Magellan Copper and Gold's Debt-to-Equity too high?
Magellan Copper and Gold's current Debt-to-Equity is -0.38. Based on the distribution chart, Magellan Copper and Gold ranks #999999 out of 1219 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Magellan Copper and Gold's Debt-to-Equity compare to ALGLF and PGOL?
According to the Metals & Mining industry distribution chart, Magellan Copper and Gold ranks #999999 out of 1219 companies for Debt-to-Equity. This places Magellan Copper and Gold in the lower half of its industry. The industry median Debt-to-Equity is 0.15. 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 1,219 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 Magellan Copper and 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. Magellan Copper and Gold's current Debt-to-Equity is -0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magellan Copper and Gold stock overvalued right now?
Magellan Copper and Gold (MAGE) has a current Debt-to-Equity of -0.38. The current Debt-to-Equity is -0.38. 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 Magellan Copper and Gold (MAGE), the current Debt-to-Equity is -0.38 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.

Magellan Copper and Gold Business Description

Address 602 Cedar Street, Suite 205, Wallace, ID, USA, 83873
Magellan Copper and Gold Corp is an exploration-stage company, and its principal business is the acquisition and exploration of mineral projects. The company's key projects are the Center Star Mine and the Cable Project. Its other projects include BLUE JACKET AND CUPRUM project, Merit's Cable Project and Kris project. It manages its operations as a single segment.