NULGF (NuLegacy Gold) Debt-to-Equity : 0.00 (As of Dec. 2024)

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What is NuLegacy Gold Debt-to-Equity?

NuLegacy Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil. NuLegacy Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil. NuLegacy Gold's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $0.20 Mil. NuLegacy Gold's debt to equity for the quarter that ended in Dec. 2024 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 NuLegacy Gold's Debt-to-Equity or its related term are showing as below:

NULGF's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

NuLegacy Gold Debt-to-Equity Historical Data

The historical data trend for NuLegacy 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.

* Premium members only.

NuLegacy Gold Debt-to-Equity Chart

NuLegacy Gold Annual Data

Trend

Mar15

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Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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NuLegacy Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of NuLegacy Gold's Debt-to-Equity

For the Gold subindustry, NuLegacy 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.

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

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

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

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NuLegacy Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NuLegacy Gold's Debt to Equity Ratio for the fiscal year 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
	=	(0	+	0)	/	34.233
	=	0.00

NuLegacy Gold's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	0.204
	=	0.00

NuLegacy Gold (OTCPK:NULGF) 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.

NuLegacy Gold Debt-to-Equity Related Terms

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NuLegacy Gold Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

7NU:Germany NUG:Canada

Address

1166 Alberni Street, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.nulegacygold.com

NuLegacy Gold Corp is an exploration company. It is engaged in the business of exploration, development, and extraction of gold and other precious metals. The company mainly operates its business activities from Nevada through its Red Hill property which is located on trend and adjacent to the three multi-million ounces Carlin-type gold deposits (the Pipeline, Cortez Hills, and Goldrush deposits) that are amongst Barrick Gold mines.