Intact Gold (TSXV:ITG.H) Debt-to-Equity : -3.58 (As of Dec. 2023)

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What is Intact Gold Debt-to-Equity?

Intact Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.20 Mil. Intact Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Intact Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.06 Mil. Intact Gold's debt to equity for the quarter that ended in Dec. 2023 was -3.58.

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

TSXV:ITG.H' s Debt-to-Equity Range Over the Past 10 Years
Min: -16.67 Med: 0.13 Max: 3.87
Current: -3.58

During the past 13 years, the highest Debt-to-Equity Ratio of Intact Gold was 3.87. The lowest was -16.67. And the median was 0.13.

TSXV:ITG.H's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:ITG.H: -3.58

Intact Gold Debt-to-Equity Historical Data

The historical data trend for Intact 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.

Intact Gold Debt-to-Equity Chart

Intact Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.06

0.07

0.05

0.19

1.74

Intact Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.63	1.74	3.87	-16.67	-3.58

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

For the Other Industrial Metals & Mining subindustry, Intact 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.

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

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

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

Intact Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Intact Gold's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.144	+	0)	/	0.083
	=	1.73

Intact Gold's Debt to Equity Ratio for the quarter 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
	=	(0.204	+	0)	/	-0.057
	=	-3.58

Intact Gold (TSXV:ITG.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.

Intact Gold Debt-to-Equity Related Terms

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Intact Gold (TSXV:ITG.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Intact Gold Corp (TSXV:ITG.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://intactgold.com

Intact Gold Corp is a mineral exploration company. The company engages in the acquisition and exploration of mining projects. Its exploration properties portfolio includes Belle terre Property located in Quebec, Canada; Gold Hill - Blackjack Property located in the Kenora Mining Division of Ontario; Little Phoenix Property located in British Columbia, Canada; and Lac Gueret South Property located in Quebec, Canada.

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