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Nevada King Gold (TSXV:NKG) Debt-to-Equity : 0.00 (As of Dec. 2023)


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What is Nevada King Gold Debt-to-Equity?

Nevada King Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Nevada King Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Nevada King Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$32.41 Mil. Nevada King Gold's debt to equity for the quarter that ended in Dec. 2023 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 Nevada King Gold's Debt-to-Equity or its related term are showing as below:

TSXV:NKG'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.

Nevada King Gold Debt-to-Equity Historical Data

The historical data trend for Nevada King 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.

Nevada King Gold Debt-to-Equity Chart

Nevada King Gold Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
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Nevada King Gold Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
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Competitive Comparison of Nevada King Gold's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Nevada King 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.


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

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

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



Nevada King Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nevada King Gold's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Nevada King Gold's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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.


Nevada King Gold  (TSXV:NKG) 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.


Nevada King Gold Debt-to-Equity Related Terms

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


Nevada King Gold (TSXV:NKG) Business Description

Traded in Other Exchanges
Address
1600 - 595 Burrard Street, Vancouver, BC, CAN, V7X 1L4
Nevada King Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties in Nevada. The company's project portfolio includes Atlanta, Lewis, Horse Mtn. mill creek, iron and other seven projects.
Executives
Michael A Parker 10% Security Holder

Nevada King Gold (TSXV:NKG) Headlines