PRRVF (Providence Gold Mines) Debt-to-Equity : 0.00 (As of Sep. 2024)

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What is Providence Gold Mines Debt-to-Equity?

Providence Gold Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Providence Gold Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Providence Gold Mines's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $1.85 Mil. Providence Gold Mines's debt to equity for the quarter that ended in Sep. 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 Providence Gold Mines's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Providence Gold Mines was 0.20. The lowest was 0.00. And the median was 0.01.

PRRVF'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.

Providence Gold Mines Debt-to-Equity Historical Data

The historical data trend for Providence Gold Mines'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.

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Providence Gold Mines Debt-to-Equity Chart

Providence Gold Mines Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Providence Gold Mines Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Providence Gold Mines's Debt-to-Equity

For the Gold subindustry, Providence Gold Mines'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.

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

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

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

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Providence Gold Mines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Providence Gold Mines'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	+	0)	/	1.875
	=	0.00

Providence Gold Mines's Debt to Equity Ratio for the quarter that ended in Sep. 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)	/	1.852
	=	0.00

Providence Gold Mines (OTCPK:PRRVF) 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.

Providence Gold Mines Debt-to-Equity Related Terms

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Providence Gold Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Providence Gold Mines Inc (OTCPK:PRRVF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

7RH1:Germany PHD:Canada

Address

Surrey RPO Guildford, P.O. Box 42096, Surrey, BC, CAN, V6C 2T5

Website

https://www.providencegold.com

Providence Gold Mines Inc is engaged in the exploration and evaluation of its gold mineral property located in California. The company holds an interest in Tuolumne properties. Tuolumne Property includes six parcels and thirteen 20-acre mining claims. The company is organized into business units based on exploration and evaluation assets and has one reportable operating segment spread across two geographic locations, being that of Acquisition and exploration and evaluation in Canada and the United States.

Providence Gold Mines Headlines

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