Sage Potash (TSXV:SAGE) Debt-to-Equity : 0.61 (As of Sep. 2024)

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What is Sage Potash Debt-to-Equity?

Sage Potash's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.16 Mil. Sage Potash's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.67 Mil. Sage Potash's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$1.38 Mil. Sage Potash's debt to equity for the quarter that ended in Sep. 2024 was 0.60.

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 Sage Potash's Debt-to-Equity or its related term are showing as below:

TSXV:SAGE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.61
Current: 0.61

During the past 2 years, the highest Debt-to-Equity Ratio of Sage Potash was 0.61. The lowest was 0.03. And the median was 0.07.

TSXV:SAGE's Debt-to-Equity is ranked worse than
78.74% of 1251 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:SAGE: 0.61

Sage Potash Debt-to-Equity Historical Data

The historical data trend for Sage Potash'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.

Sage Potash Debt-to-Equity Chart

Sage Potash Annual Data

Trend

Mar23

Mar24

Debt-to-Equity

0.04

0.24

Sage Potash Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial					0.05	0.10	0.24	0.03	0.61

Competitive Comparison of Sage Potash's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Sage Potash'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.

Sage Potash's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Sage Potash Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sage Potash's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.04	+	0.014)	/	0.226
	=	0.24

Sage Potash'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
	=	(0.16	+	0.673)	/	1.377
	=	0.60

Sage Potash (TSXV:SAGE) 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.

Sage Potash Debt-to-Equity Related Terms

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Sage Potash Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sage Potash Corp (TSXV:SAGE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SGPTF:USA

Address

889 West Pender Street, Suite 605, Vancouver, BC, CAN, V6C 3B2

Website

https://www.sagepotash.com

Sage Potash Corp is engaged in the acquisition, exploration, and development of mineral properties. Its principal business activity is the acquisition, exploration, and development of potash mineral properties. It holds interest in Sage Plain Potash property. The projects of the company include Sage Potash and Sage Lithium.