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Star Gold (Star Gold) Debt-to-Equity : -34.33 (As of Jan. 2024)


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What is Star Gold Debt-to-Equity?

Star Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.05 Mil. Star Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.57 Mil. Star Gold's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $-0.02 Mil. Star Gold's debt to equity for the quarter that ended in Jan. 2024 was -34.33.

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

SRGZ' s Debt-to-Equity Range Over the Past 10 Years
Min: -34.33   Med: 0.41   Max: 21.27
Current: -34.33

During the past 13 years, the highest Debt-to-Equity Ratio of Star Gold was 21.27. The lowest was -34.33. And the median was 0.41.

SRGZ's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs SRGZ: -34.33

Star Gold Debt-to-Equity Historical Data

The historical data trend for Star 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.

Star Gold Debt-to-Equity Chart

Star Gold Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.10 - 0.33 2.66

Star Gold Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.17 2.66 5.47 21.27 -34.33

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

For the Other Precious Metals & Mining subindustry, Star 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.

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

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

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


Star Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Star Gold's Debt to Equity Ratio for the fiscal year that ended in Apr. 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 + 0.478) / 0.18
=2.66

Star Gold's Debt to Equity Ratio for the quarter that ended in Jan. 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
=(0.05 + 0.568) / -0.018
=-34.33

* 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.

Star Gold  (OTCPK:SRGZ) 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.

Star Gold Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Star Gold's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Star Gold (Star Gold) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Star Gold Corp (OTCPK:SRGZ) » Definitions » Debt-to-Equity
Comparable Companies
THMG MAGE AMNP CGLD AHNR NMEX SILS AUMN ISX:AMMN JSE:AMS SZSE:000975 MIC:ALRS LSE:FRES JSE:IMP ISX:MBMA LIM:BUENAVC1 JSE:NPH HL TSX:TFPM OICT
Traded in Other Exchanges
N/A
Address
1875 N. Lakeview Drive, Suite 200, Coeur d’Alene, ID, USA, 83814
Website
https://www.stargoldcorp.com
Star Gold Corp is an exploration stage company. The company is engaged in the acquisition and exploration of precious metal deposit properties with the potential for economic deposits of precious and base metals. It includes the Longstreet property located in the state of Nevada.
Executives
Kelly Stopher director, officer: CFO 611 E. SHERMAN AVE., COEUR D'ALENE ID 83814
Lindsay Edward Gorrill director, 10 percent owner, officer: CEO,, CFO 611 E. SHERMAN AVE., COEUR D'ALENE ID 83814
David Segelov director 611 E. SHERMAN AVE., COEUR D'ALENE ID 83814
Thomas Power director 611 E. SHERMAN AVENUE, COEUR D'ALENE ID 83814
Paul B Coombs director 611 E. SHERMAN AVE., COUR D'ALENE ID 83814
Ron Nilson director 611 E. SHERMAN AVE., COEUR D'ALENE ID 83814
Ian Falconer director 611 E. SHERMAN AVE., COEUR D'ALENE ID 83814