Mako Mining (Mako Mining) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Mako Mining Debt-to-Equity?

Mako Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3.37 Mil. Mako Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5.00 Mil. Mako Mining's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $28.96 Mil. Mako Mining's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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

MAKOF' s Debt-to-Equity Range Over the Past 10 Years
Min: -21.49 Med: 0.99 Max: 1.82
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Mako Mining was 1.82. The lowest was -21.49. And the median was 0.99.

MAKOF's Debt-to-Equity is ranked worse than
64.46% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs MAKOF: 0.29

Mako Mining Debt-to-Equity Historical Data

The historical data trend for Mako 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.

Mako Mining Debt-to-Equity Chart

Mako Mining Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.00

0.84

1.15

0.53

Mako Mining Quarterly Data
	Apr19	Jul19	Oct19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.99	1.26	1.51	0.53	0.29

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

For the Gold subindustry, Mako 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.

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

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

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

Mako Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mako 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
	=	(3.24	+	7.684)	/	20.628
	=	0.53

Mako Mining's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(3.368	+	5)	/	28.962
	=	0.29

Mako Mining (OTCPK:MAKOF) 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.

Mako Mining Debt-to-Equity Related Terms

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Mako Mining (Mako Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mako Mining Corp (OTCPK:MAKOF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GQR0:Germany MKO:Canada

Address

838 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.makominingcorp.com

Mako Mining Corp is a gold mining, development, and exploration firm. It's developing its high-grade San Albino gold project in Nueva Segovia, Nicaragua. Its primary objective is to bring San Albino into production quickly and efficiently while continuing the exploration of prospective targets in Nicaragua.