TNR Gold (TNR Gold) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is TNR Gold Debt-to-Equity?

TNR Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. TNR Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. TNR Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $0.45 Mil. TNR Gold's debt to equity for the quarter that ended in Dec. 2023 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 TNR 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 TNR Gold was 0.60. The lowest was -1.92. And the median was -0.95.

TRRXF'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.

TNR Gold Debt-to-Equity Historical Data

The historical data trend for TNR 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.

TNR Gold Debt-to-Equity Chart

TNR Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.94

-0.95

-1.92

-1.01

TNR Gold 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															-1.01	-	-	-	-

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

For the Other Industrial Metals & Mining subindustry, TNR 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.

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

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

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

TNR Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TNR Gold'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)	/	0.452
	=	0.00

TNR Gold'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	+	0)	/	0.452
	=	0.00

TNR Gold (OTCPK:TRRXF) 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.

TNR Gold Debt-to-Equity Related Terms

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

TNR Gold (TNR Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TNW:Germany TNW:Germany TNR:Canada

Address

789 Pender Street, Suite 1120, Vancouver, BC, CAN, V6C 1H2

Website

https://www.tnrgoldcorp.com

TNR Gold Corp is a mineral exploration company. It is engaged in the acquisition, exploration, and development of mineral properties located in the USA and Canada. The company primarily explores gold and copper deposits. It holds an interest in projects such as the Shotgun gold project, Los Azules Copper property and Mariana Property.

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