Magnum Goldcorp (TSXV:MGI) Debt-to-Equity : 0.02 (As of Nov. 2024)

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What is Magnum Goldcorp Debt-to-Equity?

Magnum Goldcorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was C$0.06 Mil. Magnum Goldcorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was C$0.00 Mil. Magnum Goldcorp's Total Stockholders Equity for the quarter that ended in Nov. 2024 was C$3.42 Mil. Magnum Goldcorp's debt to equity for the quarter that ended in Nov. 2024 was 0.02.

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 Magnum Goldcorp's Debt-to-Equity or its related term are showing as below:

TSXV:MGI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.05
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Magnum Goldcorp was 0.05. The lowest was 0.00. And the median was 0.03.

TSXV:MGI's Debt-to-Equity is ranked better than
83.53% of 1245 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:MGI: 0.02

Magnum Goldcorp Debt-to-Equity Historical Data

The historical data trend for Magnum Goldcorp'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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Magnum Goldcorp Debt-to-Equity Chart

Magnum Goldcorp Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Debt-to-Equity

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0.04

0.05

Magnum Goldcorp 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															-	-	-	-	0.02

Competitive Comparison of Magnum Goldcorp's Debt-to-Equity

For the Gold subindustry, Magnum Goldcorp'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.

Magnum Goldcorp's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Magnum Goldcorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magnum Goldcorp's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(0.003	+	0)	/	3.461
	=	0.00

Magnum Goldcorp'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
	=	(0.057	+	0)	/	3.419
	=	0.02

Magnum Goldcorp (TSXV:MGI) 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.

Magnum Goldcorp Debt-to-Equity Related Terms

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Magnum Goldcorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magnum Goldcorp Inc (TSXV:MGI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1CJ:Germany

Address

2489 Bellevue Avenue, West Vancouver, BC, CAN, V7V 1E1

Website

http://www.magnumgoldcorp.com

Magnum Goldcorp Inc is mainly engaged in the acquisition and exploration of mineral resource properties. The company holds an interest in LH Gold property located in the east of Slocan Mining Division of Southeastern British Columbia.

Executives

Douglas Lawrence Mason	10% Security Holder, Director, Senior Officer
Daniel Bernard Evans	Director, Senior Officer
Andrzej Kowalski	Director
Sead Hamzagic	Director, Senior Officer
International Bethlehem Mining Corp.	10% Security Holder