ONGold Resources (TSXV:ONAU) Debt-to-Equity : 0.00 (As of Sep. 2024)

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What is ONGold Resources Debt-to-Equity?

ONGold Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. ONGold Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. ONGold Resources's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$3.33 Mil. ONGold Resources's debt to equity for the quarter that ended in Sep. 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 ONGold Resources's Debt-to-Equity or its related term are showing as below:

TSXV:ONAU's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

ONGold Resources Debt-to-Equity Historical Data

The historical data trend for ONGold Resources'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.

ONGold Resources Debt-to-Equity Chart

ONGold Resources Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

ONGold Resources Quarterly Data
	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial			N/A	-	-	-	-

Competitive Comparison of ONGold Resources's Debt-to-Equity

For the Gold subindustry, ONGold Resources'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.

ONGold Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

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ONGold Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ONGold Resources's Debt to Equity Ratio for the fiscal year 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	+	0)	/	-0.03
	=	0.00

ONGold Resources's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	0)	/	3.329
	=	0.00

ONGold Resources (TSXV:ONAU) 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.

ONGold Resources Debt-to-Equity Related Terms

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

ONGold Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ONGold Resources Ltd (TSXV:ONAU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ONGRF:USA

Address

1410-120 Adelaide St. W, Toronto, ON, CAN, M5H 1T1

Website

https://www.ongoldresources.com

ONGold Resources Ltd is a mining company. Its project include TPK Property.

ONGold Resources Headlines

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