Austral Gold (TSXV:AGLD) Debt-to-Equity : 0.86 (As of Jun. 2024)

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What is Austral Gold Debt-to-Equity?

Austral Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$23.36 Mil. Austral Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$4.09 Mil. Austral Gold's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$32.08 Mil. Austral Gold's debt to equity for the quarter that ended in Jun. 2024 was 0.86.

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

TSXV:AGLD' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.59 Med: 0.21 Max: 0.86
Current: 0.86

During the past 13 years, the highest Debt-to-Equity Ratio of Austral Gold was 0.86. The lowest was -1.59. And the median was 0.21.

TSXV:AGLD's Debt-to-Equity is ranked worse than
85.73% of 1303 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:AGLD: 0.86

Austral Gold Debt-to-Equity Historical Data

The historical data trend for Austral 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.

Austral Gold Debt-to-Equity Chart

Austral Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.31

0.14

0.19

0.24

0.45

Austral Gold Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.24	0.32	0.45	0.86

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

For the Other Precious Metals & Mining subindustry, Austral 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.

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

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

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

Austral Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Austral 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
	=	(19.734	+	4.979)	/	55.553
	=	0.44

Austral Gold's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(23.36	+	4.087)	/	32.081
	=	0.86

Austral Gold (TSXV:AGLD) 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.

Austral Gold Debt-to-Equity Related Terms

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

Austral Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Austral Gold Ltd (TSXV:AGLD) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

AGLDF:USA AGD:Australia

Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.australgold.com

Austral Gold Ltd is a precious metals mining and exploration company. It is engaged in the exploration and evaluation of mineral properties, gold, and silver production. The company's flagship Guanaco project is a gold and silver producing mine located in Chile, South America. Rawhide, Pinguino, and Casposo are some of the other projects of the company. All of its revenue comes from Chile.

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