Steppe Gold (TSX:STGO) Debt-to-Equity : 1.70 (As of Dec. 2024)

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What is Steppe Gold Debt-to-Equity?

Steppe Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$38.2 Mil. Steppe Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$228.4 Mil. Steppe Gold's Total Stockholders Equity for the quarter that ended in Dec. 2024 was C$156.8 Mil. Steppe Gold's debt to equity for the quarter that ended in Dec. 2024 was 1.70.

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

TSX:STGO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.68 Max: 11.21
Current: 1.7

During the past 9 years, the highest Debt-to-Equity Ratio of Steppe Gold was 11.21. The lowest was 0.26. And the median was 0.68.

TSX:STGO's Debt-to-Equity is ranked worse than
93.46% of 1239 companies
in the Metals & Mining industry
Industry Median: 0.14 vs TSX:STGO: 1.70

Steppe Gold Debt-to-Equity Historical Data

The historical data trend for Steppe 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.

Steppe Gold Debt-to-Equity Chart

Steppe Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.46

11.21

0.54

0.83

1.70

Steppe Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.83	1.66	1.59	1.52	1.70

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

For the Gold subindustry, Steppe 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.

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

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

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

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Steppe Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Steppe Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(38.202	+	228.431)	/	156.849
	=	1.70

Steppe Gold's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(38.202	+	228.431)	/	156.849
	=	1.70

Steppe Gold (TSX:STGO) 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.

Steppe Gold Debt-to-Equity Related Terms

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

Steppe Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Steppe Gold Ltd (TSX:STGO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

STPGF:USA 2J9:Germany

Address

Olympic Street 19A, Shangri-La Office, Suite 1201, Sukhbaatar District 1, Ulaanbaatar, MNG, 14241

Website

https://www.steppegold.com

Steppe Gold Ltd is engaged in operating, developing, exploring, and acquiring precious metal projects in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the ATO Project, or ATO Gold Mine), located in Eastern Mongolia. In addition, it owns the Boroo and Ulaanbulag mines (together as the Boroo Project), and holds interest rights in the Uudam Khundii (UK) project in Mongolia. The company derives its revenue from the sale of gold and silver to banks in Mongolia at London Metal Exchange-based spot rates. A majority of its revenue is generated from the sale of gold.

Executives

Jeremy Thomas South	Senior Officer
Aneel Singh Waraich	Director, Senior Officer
Bataa Tumur-ochir	Director, Senior Officer
2176423 Ontario Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Paul Elliott Singer	10% Security Holder
Lim Asia Special Situations Master Fund Limited	10% Security Holder
Patrick Michaels	Director
Lewis Marks	Director

Steppe Gold Headlines

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