NVGLF (NV Gold) Debt-to-Equity : 0.21 (As of Aug. 2024)

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What is NV Gold Debt-to-Equity?

NV Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $0.44 Mil. NV Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $0.00 Mil. NV Gold's Total Stockholders Equity for the quarter that ended in Aug. 2024 was $2.10 Mil. NV Gold's debt to equity for the quarter that ended in Aug. 2024 was 0.21.

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

NVGLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.15 Max: 0.21
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of NV Gold was 0.21. The lowest was 0.10. And the median was 0.15.

NVGLF's Debt-to-Equity is ranked worse than
58.11% of 1251 companies
in the Metals & Mining industry
Industry Median: 0.13 vs NVGLF: 0.21

NV Gold Debt-to-Equity Historical Data

The historical data trend for NV 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.

NV Gold Debt-to-Equity Chart

NV Gold Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Debt-to-Equity

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0.10

0.21

NV Gold Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.15	0.18	0.20	0.21

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

For the Gold subindustry, NV 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.

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

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

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

NV Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NV Gold's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(0.44	+	0)	/	2.098
	=	0.21

NV Gold's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(0.44	+	0)	/	2.098
	=	0.21

NV Gold (OTCPK:NVGLF) 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.

NV Gold Debt-to-Equity Related Terms

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NV Gold Business Description

Industry

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

Comparable Companies

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8NV0:Germany NVX:Canada

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://www.nvgoldcorp.com

NV Gold Corp is engaged in the identification, acquisition, and exploration of mineral properties. It is focused on maximizing shareholder value through acquiring, exploring, discovering, and developing gold projects. Its projects include Redstar Properties, Green Gold Project, SW Pipe Project, Slumber Gold Project, Sandy Gold Project, Discovery Bay Project, Darby Flats Project, and Others in Nevada, USA. The Company has one reportable operating segment, the acquisition, and exploration of mineral properties. The Company has mineral properties located geographically as follows:- the United States of America and Switzerland.