International Iconic Gold Exploration (International Iconic Gold Exploration) Debt-to-Equity : 0.29 (As of Sep. 2023)

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What is International Iconic Gold Exploration Debt-to-Equity?

International Iconic Gold Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.86 Mil. International Iconic Gold Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.65 Mil. International Iconic Gold Exploration's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $5.20 Mil. International Iconic Gold Exploration's debt to equity for the quarter that ended in Sep. 2023 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 International Iconic Gold Exploration's Debt-to-Equity or its related term are showing as below:

MFMLF' s Debt-to-Equity Range Over the Past 10 Years
Min: -115.87 Med: 0.02 Max: 4.62
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of International Iconic Gold Exploration was 4.62. The lowest was -115.87. And the median was 0.02.

MFMLF's Debt-to-Equity is ranked worse than
64.68% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs MFMLF: 0.29

International Iconic Gold Exploration Debt-to-Equity Historical Data

The historical data trend for International Iconic Gold Exploration'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.

International Iconic Gold Exploration Debt-to-Equity Chart

International Iconic Gold Exploration Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.02

0.05

1.65

-5.37

International Iconic Gold Exploration Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-118.46	-5.37	-3.27	-2.41	0.29

Competitive Comparison of International Iconic Gold Exploration's Debt-to-Equity

For the Gold subindustry, International Iconic Gold Exploration'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.

International Iconic Gold Exploration's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

International Iconic Gold Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

International Iconic Gold Exploration's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.721	+	0.647)	/	-0.255
	=	-5.36

International Iconic Gold Exploration's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.858	+	0.653)	/	5.202
	=	0.29

International Iconic Gold Exploration (OTCPK:MFMLF) 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.

International Iconic Gold Exploration Debt-to-Equity Related Terms

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International Iconic Gold Exploration (International Iconic Gold Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » International Iconic Gold Exploration Corp (OTCPK:MFMLF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

ICON:Canada

Address

700 West Georgia Street, Suite 3020, Vancouver, BC, CAN, V7Y 1K8

Website

https://iconicgold.com

International Iconic Gold Exploration Corp is a resource company. It is engaged in the business of acquiring, exploring, and evaluating mineral resource properties in Argentina. The company's project includes the San Roque gold property.