Snowline Gold (TSXV:SGD) Debt-to-Equity : 0.00 (As of Sep. 2024)

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What is Snowline Gold Debt-to-Equity?

Snowline Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.02 Mil. Snowline Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.02 Mil. Snowline Gold's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$60.24 Mil. Snowline Gold'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 Snowline Gold's Debt-to-Equity or its related term are showing as below:

TSXV:SGD'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.

Snowline Gold Debt-to-Equity Historical Data

The historical data trend for Snowline 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.

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Snowline Gold Debt-to-Equity Chart

Snowline Gold Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Dec22

Dec23

Debt-to-Equity

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Snowline Gold Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

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

For the Gold subindustry, Snowline 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.

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

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

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

Snowline Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Snowline 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
	=	(0.022	+	0.04)	/	39.745
	=	0.00

Snowline Gold'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
	=	(0.024	+	0.015)	/	60.238
	=	0.00

Snowline Gold (TSXV:SGD) 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.

Snowline Gold Debt-to-Equity Related Terms

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Snowline Gold Business Description

Industry

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

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SNWGF:USA

Address

No.1012 - 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.snowlinegold.com

Snowline Gold Corp is a gold exploration company. The company is exploring its Einarson and Rogue gold projects in Selwyn Basin. All projects of the company lie in the prolific Tintina gold province that hosts gold mines and deposits from Kinross' Fort Knox to Goldcorp's Coffee. The Company operates in a single reportable operating segment, being the exploration and development of mineral properties.

Executives

Matthew Frederick Roma	Senior Officer
Sarah Kathleen Weber	Director
Axel Gunther Ruediger Roehlig	Director
Calum Macleod Morrison	Director
Sukvinder Sokhie Puar	Director