Allegiant Gold (TSXV:AUAU) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Allegiant Gold Debt-to-Equity?

Allegiant Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Allegiant Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Allegiant Gold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$36.81 Mil. Allegiant Gold's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 7 years, the highest Debt-to-Equity Ratio of Allegiant Gold was 0.06. The lowest was 0.00. And the median was 0.01.

TSXV:AUAU'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.

Allegiant Gold Debt-to-Equity Historical Data

The historical data trend for Allegiant 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.

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Allegiant Gold Debt-to-Equity Chart

Allegiant Gold Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.01

Allegiant Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

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

For the Gold subindustry, Allegiant 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.

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

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

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

Allegiant Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Allegiant Gold's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.024	+	0)	/	33.773
	=	0.00

Allegiant Gold's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.004	+	0)	/	36.81
	=	0.00

Allegiant Gold (TSXV:AUAU) 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.

Allegiant Gold Debt-to-Equity Related Terms

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

Allegiant Gold (TSXV:AUAU) Business Description

Industry

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

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Traded in Other Exchanges

AUXXF:USA

Address

1090 Hamilton Street, Vancouver, BC, CAN, V6B 2R9

Website

https://www.allegiantgold.com

Allegiant Gold Ltd is a gold exploration company. Its project profile consists of Bolo and Eastside in Nevada; Browns Canyon, West Goldfield, Overland Pass, White Horse Flats, and White Horse North. The business has one segment, being mineral exploration and evaluation. All assets of the firm are located in the USA.

Executives

Shawn Nichols

Director

Allegiant Gold (TSXV:AUAU) Headlines

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