ORZCF (Orezone Gold) Debt-to-Equity: 0.20 (As of Mar. 2026) — 33% Below Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ORZCF Orezone Gold Corp ORZCF
28 GF Score
Price $1.50
GF Value $0.88
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Orezone Gold Debt-to-Equity?

Orezone Gold ORZCF -5.66% 28 Debt-to-Equity is 0.20 as of Mar. 2026, which is 33% below its 10-year median of 0.30. GuruFocus rates ORZCF with a GF Score™ of 28/100 and a GF Value™ of $0.88 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,222 Metals & Mining companies, Orezone Gold ranks worse than 55.97% on this metric.

Orezone Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $79.6 Mil. Orezone Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $30.7 Mil. Orezone Gold's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $543.3 Mil. Orezone Gold's debt to equity for the quarter that ended in Mar. 2026 was 0.20.

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

ORZCF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.3   Max: 1.56
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Orezone Gold was 1.56. The lowest was 0.00. And the median was 0.30.

ORZCF's Debt-to-Equity is ranked worse than
55.97% of 1222 companies
in the Metals & Mining industry
Industry Median: 0.15 vs ORZCF: 0.20

Orezone Gold  (OTCPK:ORZCF) 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.


Orezone Gold Debt-to-Equity Related Terms


Orezone Gold Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Orezone 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.

Orezone Gold Debt-to-Equity Chart

Orezone 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 0.73 1.55 0.63 0.39 0.30

Orezone 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 0.32 0.30 0.30 0.30 0.20

ORZCF vs NEM, AU: Debt-to-Equity Comparison

For the Gold subindustry, Orezone 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.


Orezone Gold Debt-to-Equity vs Metals & Mining Industry

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

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


ORZCF
28GF Score
Orezone Gold Corp ORZCF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orezone Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Orezone Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Orezone Gold's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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 0.20 mean?
Orezone Gold (ORZCF) has a Debt-to-Equity of 0.20 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Orezone Gold and its competitors. This is 33% below median its historical median of 0.30. According to the industry distribution chart, Orezone Gold ranks #684 out of 1222 companies in the Metals & Mining industry, placing it in the top 56%.
Is Orezone Gold's Debt-to-Equity too high?
Orezone Gold's current Debt-to-Equity of 0.20 is 33% below median its 10-year median of 0.30. The Metals & Mining industry median Debt-to-Equity is 0.15. Orezone Gold's value of 0.20 is 33.3% above this industry median. Based on the distribution chart, Orezone Gold ranks #684 out of 1222 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Orezone Gold has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Orezone Gold's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Orezone Gold ranks #684 out of 1222 companies for Debt-to-Equity. This places Orezone Gold in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Orezone Gold's value of 0.20 is 33.3% above this benchmark. While the company's 10-year median is 0.30 vs. the industry median of 0.15, Orezone Gold has consistently been above the industry average. 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 1,222 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. Orezone Gold's current Debt-to-Equity of 0.20 is 33.3% above the industry median. 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 Orezone 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. Orezone Gold's current Debt-to-Equity is 0.20, which is 33% below median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orezone Gold stock overvalued right now?
Based on GuruFocus' analysis, Orezone Gold (ORZCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.88, compared to a current price of $1.50 — trading 70.5% above its estimated fair value. The current Debt-to-Equity is 0.20, which is 33% below median its 10-year median of 0.30 and 33.3% above the Metals & Mining industry median of 0.15. Orezone Gold's overall GF Score™ is 28/100 with 2 warning signs to review. 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 Orezone Gold (ORZCF), the current Debt-to-Equity is 0.20 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.

Is Orezone Gold (ORZCF) Overvalued in 2026?

Based on GuruFocus' analysis, Orezone Gold stock appears to be overvalued. The current stock price of $1.50 is trading 70.5% above its estimated GF Value™ of $0.88. GuruFocus considers Orezone Gold to be Significantly Overvalued.

Key valuation signals for ORZCF:

  • Debt-to-Equity: 0.20 (33% below median its 10-year median of 0.30)
  • GF Value™: $0.88 vs. price of $1.50 (70.5% above fair value)
  • GF Score™: 28/100 with 2 warning signs
  • Industry Position: 33.3% above the Metals & Mining median (#684 of 1222)

No single metric tells the full story. See the ORZCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Orezone Gold Business Description

Address 505 Burrard Street, Suite 450, Vancouver, BC, CAN, V7X 1M3
Orezone Gold Corp is a Canada-based gold mining company mainly engaged in the exploration and evaluation, and development of gold. The company operates the open pit Bombore Gold Mine in Burkina Faso. The company operates in the business segment of acquisition, exploration, and potential development of precious metal properties.
28GF Score

Get the complete analysis for ORZCF

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.50
Price
$0.88
GF Value