Ranchero Gold (TSXV:RNCH) Debt-to-Equity : -0.19 (As of Dec. 2023)

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What is Ranchero Gold Debt-to-Equity?

Ranchero Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.00 Mil. Ranchero Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Ranchero Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-5.37 Mil. Ranchero Gold's debt to equity for the quarter that ended in Dec. 2023 was -0.19.

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

TSXV:RNCH' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.03 Med: -0.59 Max: -0.06
Current: -0.19

During the past 4 years, the highest Debt-to-Equity Ratio of Ranchero Gold was -0.06. The lowest was -1.03. And the median was -0.59.

TSXV:RNCH's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:RNCH: -0.19

Ranchero Gold Debt-to-Equity Historical Data

The historical data trend for Ranchero 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.

Ranchero Gold Debt-to-Equity Chart

Ranchero Gold Annual Data

Trend

Jun20

Jun21

Dec22

Dec23

Debt-to-Equity

-1.03

-0.99

-0.06

-0.19

Ranchero Gold Quarterly Data
	Jun20	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								-0.06	-0.12	-0.14	-0.17	-0.19

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

For the Gold subindustry, Ranchero 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.

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

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

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

Ranchero Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ranchero Gold'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
	=	(0.999	+	0)	/	-5.372
	=	-0.19

Ranchero 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
	=	(0.999	+	0)	/	-5.372
	=	-0.19

Ranchero Gold (TSXV:RNCH) 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.

Ranchero Gold Debt-to-Equity Related Terms

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Ranchero Gold (TSXV:RNCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ranchero Gold Corp (TSXV:RNCH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

3C2:Germany

Address

800 West Pender Street, c/o Suite 910, Vancouver, BC, CAN, V6C 2V6

Website

https://www.rancherogold.com

Ranchero Gold Corp is engaged in the acquisition and exploration of resources properties. Its Sta. Daniela concessions are located within the heart of the Sierra Madre Occidental gold belt in eastern Sonora, Mexico.

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