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K92 Mining (TSX:KNT) Debt-to-Equity : 0.01 (As of Dec. 2023)


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What is K92 Mining Debt-to-Equity?

K92 Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$5.6 Mil. K92 Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.8 Mil. K92 Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$470.8 Mil. K92 Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 K92 Mining's Debt-to-Equity or its related term are showing as below:

TSX:KNT' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.56   Med: 0.03   Max: 0.12
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of K92 Mining was 0.12. The lowest was -0.56. And the median was 0.03.

TSX:KNT's Debt-to-Equity is ranked better than
99.92% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:KNT: 0.01

K92 Mining Debt-to-Equity Historical Data

The historical data trend for K92 Mining'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.

K92 Mining Debt-to-Equity Chart

K92 Mining Annual Data
Trend Aug14 Aug15 Aug16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.12 0.04 0.06 0.03 0.01

K92 Mining 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 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 0.03 0.03 0.02 0.02 0.01

Competitive Comparison of K92 Mining's Debt-to-Equity

For the Gold subindustry, K92 Mining'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.


K92 Mining's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, K92 Mining's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where K92 Mining's Debt-to-Equity falls into.



K92 Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

K92 Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

K92 Mining's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


K92 Mining  (TSX:KNT) 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.


K92 Mining Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of K92 Mining's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


K92 Mining (TSX:KNT) Business Description

Traded in Other Exchanges
Address
1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7
K92 Mining Inc is engaged in the exploration, development and mining of mineral deposits in Papua New Guinea, specifically the Kainantu Project.

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