Pelangio Exploration (Pelangio Exploration) Debt-to-Equity : -0.06 (As of Dec. 2023)

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What is Pelangio Exploration Debt-to-Equity?

Pelangio Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.03 Mil. Pelangio Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Pelangio Exploration's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.47 Mil. Pelangio Exploration's debt to equity for the quarter that ended in Dec. 2023 was -0.06.

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 Pelangio Exploration's Debt-to-Equity or its related term are showing as below:

PGXPF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.06 Med: 0.05 Max: 0.11
Current: -0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Pelangio Exploration was 0.11. The lowest was -0.06. And the median was 0.05.

PGXPF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs PGXPF: -0.06

Pelangio Exploration Debt-to-Equity Historical Data

The historical data trend for Pelangio 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.

Pelangio Exploration Debt-to-Equity Chart

Pelangio Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.08

0.10

-0.06

Pelangio Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.23	-0.28	-0.12	-0.06

Competitive Comparison of Pelangio Exploration's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Pelangio 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.

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

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

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

Pelangio Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pelangio Exploration'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
	=	(0.03	+	0)	/	-0.471
	=	-0.06

Pelangio Exploration's Debt to Equity Ratio for the quarter 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
	=	(0.03	+	0)	/	-0.471
	=	-0.06

Pelangio Exploration (OTCPK:PGXPF) 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.

Pelangio Exploration Debt-to-Equity Related Terms

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Pelangio Exploration (Pelangio Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pelangio Exploration Inc (OTCPK:PGXPF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PX:Canada

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.pelangio.com

Pelangio Exploration Inc is a Canadian junior gold exploration company. The principal business of the company is the acquisition, exploration, and development of mineral property interests in Canada and Ghana, Africa. The company focuses on the acquisition and exploration of early-stage and undervalued exploration prospects located in gold belts. It holds an interest in various properties in Ghana such as Manfo property and Obuasi property. In Canada, the company owns an interest in Birch Lake property and others.