Norse Gold (TSXV:VKG.H) Debt-to-Equity : 0.23 (As of Mar. 2024)

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What is Norse Gold Debt-to-Equity?

Norse Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.17 Mil. Norse Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Norse Gold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$0.75 Mil. Norse Gold's debt to equity for the quarter that ended in Mar. 2024 was 0.23.

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

TSXV:VKG.H' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.41 Med: 0.07 Max: 0.23
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Norse Gold was 0.23. The lowest was -0.41. And the median was 0.07.

TSXV:VKG.H's Debt-to-Equity is ranked worse than
59.68% of 1312 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:VKG.H: 0.23

Norse Gold Debt-to-Equity Historical Data

The historical data trend for Norse 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.

Norse Gold Debt-to-Equity Chart

Norse Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.06

0.12

0.17

Norse Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.17	0.19	0.23	0.23

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

For the Gold subindustry, Norse 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.

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

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

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

Norse Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Norse 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
	=	(0.126	+	0)	/	0.763
	=	0.17

Norse Gold's Debt to Equity Ratio for the quarter 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
	=	(0.174	+	0)	/	0.745
	=	0.23

Norse Gold (TSXV:VKG.H) 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.

Norse Gold Debt-to-Equity Related Terms

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

Norse Gold (TSXV:VKG.H) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

240 Connemara Road, Comox, BC, CAN, V9M 3T4

Website

https://www.norse-gold.com

Norse Gold Corp is a Canada-based company engaged in the acquisition, exploration, and development of natural resources in Canada. It operates through the Yellow Knife Gold Project situated in the Yellowknife Gold Belt in the north of Yellowknife.

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