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Onyx Gold (TSXV:ONYX) Debt-to-Equity : 0.00 (As of Sep. 2023)


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What is Onyx Gold Debt-to-Equity?

Onyx Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Onyx Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Onyx Gold's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$23.30 Mil. Onyx Gold's debt to equity for the quarter that ended in Sep. 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 Onyx Gold's Debt-to-Equity or its related term are showing as below:

TSXV:ONYX'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.

Onyx Gold Debt-to-Equity Historical Data

The historical data trend for Onyx 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.

Onyx Gold Debt-to-Equity Chart

Onyx Gold Annual Data
Trend
Debt-to-Equity

Onyx Gold Semi-Annual Data
Sep23
Debt-to-Equity -

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

For the Gold subindustry, Onyx 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.

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

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

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


Onyx Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Onyx Gold's Debt to Equity Ratio for the fiscal year that ended in . 20 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
=( + ) / N/A
=N/A

Onyx Gold's Debt to Equity Ratio for the quarter that ended in Sep. 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) / 23.3
=0.00

* 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.

Onyx Gold  (TSXV:ONYX) 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.

Onyx Gold Debt-to-Equity Related Terms

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

Onyx Gold (TSXV:ONYX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Onyx Gold corp (TSXV:ONYX) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
ONXGF:USA
Address
375 Water Street, Suite 405, Vancouver, BC, CAN, V6B 5C6
Website
https://www.onyxgold.com
Onyx Gold corp is an exploration company focused on Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory. The company's portfolio of gold projects in the greater Timmins gold camp includes the Munro-Croesus Gold property, for its mineralization, plus two additional earlier-stage large exploration properties, Golden Mile and Timmins South.
Executives
Brock Macaulay Colterjohn Director, Senior Officer
Nicole Raymonde Hoeller Senior Officer
Darwin Green Director, Senior Officer