Avesoro Resources (TSX:ASO) Debt-to-Equity : 2.94 (As of Sep. 2019)

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What is Avesoro Resources Debt-to-Equity?

Avesoro Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was C$20.3 Mil. Avesoro Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was C$171.5 Mil. Avesoro Resources's Total Stockholders Equity for the quarter that ended in Sep. 2019 was C$65.2 Mil. Avesoro Resources's debt to equity for the quarter that ended in Sep. 2019 was 2.94.

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 Avesoro Resources's Debt-to-Equity or its related term are showing as below:

TSX:ASO'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.

Avesoro Resources Debt-to-Equity Historical Data

The historical data trend for Avesoro Resources'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.

Avesoro Resources Debt-to-Equity Chart

Avesoro Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Debt-to-Equity

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0.60

1.00

1.01

1.21

1.34

Avesoro Resources Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Debt-to-Equity	Get a 7-Day Free Trial															1.18	1.34	1.66	2.12	2.94

Competitive Comparison of Avesoro Resources's Debt-to-Equity

For the Gold subindustry, Avesoro Resources'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.

Avesoro Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Avesoro Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Avesoro Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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
	=	(25.042	+	145.641)	/	127.588
	=	1.34

Avesoro Resources's Debt to Equity Ratio for the quarter that ended in Sep. 2019 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
	=	(20.28	+	171.466)	/	65.219
	=	2.94

Avesoro Resources (TSX:ASO) 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.

Avesoro Resources Debt-to-Equity Related Terms

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Avesoro Resources (TSX:ASO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avesoro Resources Inc (TSX:ASO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Bay Street, Royal Bank Plaza, Suite 3800, South Tower, Toronto, ON, CAN, M5J 2Z4

Website

www.avesoro.com

Avesoro Resources Inc is engaged in the exploration and development of gold assets in West Africa, specifically the New Liberty Gold Mine in Liberia. Commercial production at New Liberty. The company's exploration assets are The New Liberty Gold Mine and Ndablama Gold Project located in Liberia, the Youga and Balogo Gold Mines located in Burkina Faso. The operating segments of the company include New Liberty operations, Liberia exploration, Cameroon exploration, and Corporate.