Boundary Gold and Copper Mining (TSXV:BDGC.H) Debt-to-Equity : -0.37 (As of Nov. 2024)

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What is Boundary Gold and Copper Mining Debt-to-Equity?

Boundary Gold and Copper Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was C$0.17 Mil. Boundary Gold and Copper Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was C$0.00 Mil. Boundary Gold and Copper Mining's Total Stockholders Equity for the quarter that ended in Nov. 2024 was C$-0.44 Mil. Boundary Gold and Copper Mining's debt to equity for the quarter that ended in Nov. 2024 was -0.37.

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 Boundary Gold and Copper Mining's Debt-to-Equity or its related term are showing as below:

TSXV:BDGC.H' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.09 Med: 0.11 Max: 1.88
Current: -0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Boundary Gold and Copper Mining was 1.88. The lowest was -1.09. And the median was 0.11.

TSXV:BDGC.H's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.14 vs TSXV:BDGC.H: -0.37

Boundary Gold and Copper Mining Debt-to-Equity Historical Data

The historical data trend for Boundary Gold and Copper 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.

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Boundary Gold and Copper Mining Debt-to-Equity Chart

Boundary Gold and Copper Mining Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Debt-to-Equity

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0.23

0.05

1.46

-0.46

-0.39

Boundary Gold and Copper Mining Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Debt-to-Equity	Get a 7-Day Free Trial															-0.39	-0.34	-0.31	-0.39	-0.37

Competitive Comparison of Boundary Gold and Copper Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Boundary Gold and Copper 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.

Boundary Gold and Copper Mining's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Boundary Gold and Copper Mining's Debt-to-Equity falls into.

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Boundary Gold and Copper Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Boundary Gold and Copper Mining's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(0.161	+	0)	/	-0.417
	=	-0.39

Boundary Gold and Copper Mining's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.165	+	0)	/	-0.443
	=	-0.37

Boundary Gold and Copper Mining (TSXV:BDGC.H) 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.

Boundary Gold and Copper Mining Debt-to-Equity Related Terms

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

Boundary Gold and Copper Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Boundary Gold and Copper Mining Ltd (TSXV:BDGC.H) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6

Website

http://www.prizemining.com

Boundary Gold and Copper Mining Ltd is a resource exploration company. It is engaged in the business activity of acquiring and exploring resource properties in Canada. The organization is focused on the Kena and Daylight Gold project which is in the Nelson area of British Columbia, Canada. The company operates in Canada and Mexico.

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