NewOrigin Gold (NewOrigin Gold) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is NewOrigin Gold Debt-to-Equity?

NewOrigin Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. NewOrigin Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. NewOrigin Gold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-0.17 Mil. NewOrigin Gold's debt to equity for the quarter that ended in Mar. 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 NewOrigin Gold's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of NewOrigin Gold was 0.19. The lowest was -0.32. And the median was 0.09.

TROIF's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

NewOrigin Gold Debt-to-Equity Historical Data

The historical data trend for NewOrigin 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.

NewOrigin Gold Debt-to-Equity Chart

NewOrigin Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.09

-0.32

NewOrigin Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

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

For the Gold subindustry, NewOrigin 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.

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

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

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

NewOrigin Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NewOrigin Gold's Debt to Equity Ratio for the fiscal year that ended in Jun. 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)	/	-0.142
	=	0.00

NewOrigin Gold's Debt to Equity Ratio for the quarter that ended in Mar. 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)	/	-0.174
	=	0.00

NewOrigin Gold (OTCPK:TROIF) 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.

NewOrigin Gold Debt-to-Equity Related Terms

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NewOrigin Gold (NewOrigin Gold) Business Description

Industry

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

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NEWO:Canada

Address

110 Yonge Street, Dennis Peterson, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.neworigingold.com

NewOrigin Gold Corp's strategy is to stake or acquire early-stage, under-explored precious metals properties in prospective mining camps. The company aims to create shareholder value by leveraging management's broad experience to make new economic gold discoveries on the under-explored properties. It is focused on exploring its flagship Sky Lake Project in the past producing Pickle Lake Mining Camp in northwestern, Ontario. The company's project portfolio includes the North Abitibi Project, South Abitibi Project, the Nipissing Cobalt Property, the Kinebik Gold Project.

NewOrigin Gold (NewOrigin Gold) Headlines

From GuruFocus

NewOrigin Gold Announces Closing of Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 12-20-2022