Sky Gold (TSXV:SKYG) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Sky Gold Debt-to-Equity?

Sky Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.03 Mil. Sky Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Sky Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.53 Mil. Sky Gold's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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

TSXV:SKYG' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.71 Med: 0.02 Max: 0.58
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Sky Gold was 0.58. The lowest was -0.71. And the median was 0.02.

TSXV:SKYG's Debt-to-Equity is ranked better than
63.53% of 1316 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:SKYG: 0.06

Sky Gold Debt-to-Equity Historical Data

The historical data trend for Sky 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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Sky Gold Debt-to-Equity Chart

Sky Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

Sky Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	0.01	0.15	0.06

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

For the Other Industrial Metals & Mining subindustry, Sky 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.

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

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

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

Sky Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sky Gold's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.005	+	0)	/	0.479
	=	0.01

Sky 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
	=	(0.031	+	0)	/	0.533
	=	0.06

Sky Gold (TSXV:SKYG) 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.

Sky Gold Debt-to-Equity Related Terms

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

Sky Gold (TSXV:SKYG) Business Description

Industry

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

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Traded in Other Exchanges

SRKZF:USA QSG:Germany

Address

789 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6C 1H2

Website

https://www.skygoldcorp.com

Sky Gold Corp is an exploration-stage company operating in Canada. It is engaged in the process of exploring and developing its resource properties. The company's project includes Mustang Property; Virginia Property, Horne, Laurie, Ontario Nikel. Imperial and Clone Gold Property and Evening Star. Geographically, it operates in Canada and the United States.

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