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Eminent Gold (TSXV:EMNT) Debt-to-Equity : 0.03 (As of Sep. 2024)


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What is Eminent Gold Debt-to-Equity?

Eminent Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.10 Mil. Eminent Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. Eminent Gold's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$3.67 Mil. Eminent Gold's debt to equity for the quarter that ended in Sep. 2024 was 0.03.

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

TSXV:EMNT' s Debt-to-Equity Range Over the Past 10 Years
Min: -12.5   Med: -0.76   Max: 0.05
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Eminent Gold was 0.05. The lowest was -12.50. And the median was -0.76.

TSXV:EMNT's Debt-to-Equity is ranked better than
76.5% of 1251 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:EMNT: 0.03

Eminent Gold Debt-to-Equity Historical Data

The historical data trend for Eminent 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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Eminent Gold Debt-to-Equity Chart

Eminent Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Eminent Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 0.04 0.03

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

For the Other Industrial Metals & Mining subindustry, Eminent 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.


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

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

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



Eminent Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eminent Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Eminent Gold's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Eminent Gold  (TSXV:EMNT) 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.


Eminent Gold Debt-to-Equity Related Terms

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


Eminent Gold Business Description

Traded in Other Exchanges
Address
3849 Thurston Street, Burnaby, BC, CAN, V5H 1H9
Eminent Gold Corp is engaged in the exploration and evaluation of resource properties. The projects of the company include Spanish Moon District, Weepah, and Hot Springs Range.
Executives
Daniel Mccoy Director
Michael Kosowan Director
Paul Sun Director, Senior Officer

Eminent Gold Headlines

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