Torex Gold Resources (TSX:TXG) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Torex Gold Resources Debt-to-Equity?

Torex Gold Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$32 Mil. Torex Gold Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$11 Mil. Torex Gold Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$2,006 Mil. Torex Gold Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

TSX:TXG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.14 Max: 0.6
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Torex Gold Resources was 0.60. The lowest was 0.00. And the median was 0.14.

TSX:TXG's Debt-to-Equity is ranked better than
82.75% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:TXG: 0.02

Torex Gold Resources Debt-to-Equity Historical Data

The historical data trend for Torex Gold 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.

Torex Gold Resources Debt-to-Equity Chart

Torex Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.05

0.02

Torex Gold Resources 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															-	-	0.01	0.02	0.02

Competitive Comparison of Torex Gold Resources's Debt-to-Equity

For the Gold subindustry, Torex Gold 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.

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

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

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

Torex Gold Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Torex Gold Resources'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
	=	(32.064	+	10.867)	/	2005.826
	=	0.02

Torex Gold Resources'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
	=	(32.064	+	10.867)	/	2005.826
	=	0.02

Torex Gold Resources (TSX:TXG) 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.

Torex Gold Resources Debt-to-Equity Related Terms

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Torex Gold Resources (TSX:TXG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TORXF:USA 73GN:Germany

Address

Exchange Tower, 130 King Street West, Suite 740, Toronto, ON, CAN, M5X 2A2

Website

https://www.torexgold.com

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project.