GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cassiar Gold Corp (TSXV:GLDC) » Definitions » Debt-to-Equity

Cassiar Gold (TSXV:GLDC) Debt-to-Equity : 0.00 (As of Jun. 2024)


View and export this data going back to 2011. Start your Free Trial

What is Cassiar Gold Debt-to-Equity?

Cassiar Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.05 Mil. Cassiar Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil. Cassiar Gold's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$48.22 Mil. Cassiar Gold's debt to equity for the quarter that ended in Jun. 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 Cassiar Gold's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Cassiar Gold was 0.73. The lowest was 0.00. And the median was 0.02.

TSXV:GLDC'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.

Cassiar Gold Debt-to-Equity Historical Data

The historical data trend for Cassiar 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.

Cassiar Gold Debt-to-Equity Chart

Cassiar Gold Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.08 - - 0.01

Cassiar Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
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 - - - - -

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

For the Gold subindustry, Cassiar 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.


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

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

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



Cassiar Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cassiar Gold's Debt to Equity Ratio for the fiscal year that ended in Sep. 2022 is calculated as

Cassiar Gold's Debt to Equity Ratio for the quarter that ended in Jun. 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.


Cassiar Gold  (TSXV:GLDC) 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.


Cassiar Gold Debt-to-Equity Related Terms

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


Cassiar Gold Business Description

Traded in Other Exchanges
Address
800 West Pender Street, Suite 450, Vancouver, BC, CAN, V6C 2V6
Cassiar Gold Corp is focused on the district-scale Cassiar Gold Property in northern BC, Canada. The group is engaged in the exploration of gold in British Columbia, Canada. The company is focused on two assets, the Cassiar Gold Project and the Sheep Creek Gold District. The property consists of two main project areas namely Cassiar North, which hosts a substantial bulk-tonnage orogenic gold resource with significant expansion potential over approximately 6 km strike length; and Cassiar South, which hosts numerous high-grade epizonal quartz gold vein systems, about 25 km of historical underground workings.