WEGOF (Wescan Goldfields) Debt-to-Equity: -3.76 (As of Mar. 2026)

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WEGOF Wescan Goldfields Inc WEGOF
30 GF Score
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! 3 Warning Signs
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What is Wescan Goldfields Debt-to-Equity?

Wescan Goldfields WEGOF 30 Debt-to-Equity is -3.76 as of Mar. 2026. GuruFocus rates WEGOF with a GF Score™ of 30/100. The stock has 3 warning signs investors should review. Among 1,218 Metals & Mining companies, Wescan Goldfields ranks worse than 82101.72% on this metric.

Wescan Goldfields's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.23 Mil. Wescan Goldfields's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.00 Mil. Wescan Goldfields's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $-0.06 Mil. Wescan Goldfields's debt to equity for the quarter that ended in Mar. 2026 was -3.76.

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 Wescan Goldfields's Debt-to-Equity or its related term are showing as below:

WEGOF' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.77   Med: -0.51   Max: 22.86
Current: -3.77

During the past 13 years, the highest Debt-to-Equity Ratio of Wescan Goldfields was 22.86. The lowest was -3.77. And the median was -0.51.

WEGOF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.15 vs WEGOF: -3.77

Wescan Goldfields  (OTCPK:WEGOF) 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.

Wescan Goldfields Debt-to-Equity Related Terms

Wescan Goldfields Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Wescan Goldfields'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.

Wescan Goldfields Debt-to-Equity Chart

Wescan Goldfields Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -0.45 23.20

Wescan Goldfields Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.57 -0.61 -0.74 23.20 -3.76

WEGOF vs NEM, AU: Debt-to-Equity Comparison

For the Gold subindustry, Wescan Goldfields'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.

Wescan Goldfields Debt-to-Equity vs Metals & Mining Industry

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

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


WEGOF
30GF Score
Wescan Goldfields Inc WEGOF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Wescan Goldfields Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wescan Goldfields's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 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
=(0.232 + 0) / 0.01
=23.20

Wescan Goldfields's Debt to Equity Ratio for the quarter that ended in Mar. 2026 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
=(0.233 + 0) / -0.062
=-3.76

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -3.76 mean?
Wescan Goldfields (WEGOF) has a Debt-to-Equity of -3.76 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Wescan Goldfields and its competitors. According to the industry distribution chart, Wescan Goldfields ranks #999999 out of 1218 companies in the Metals & Mining industry.
Is Wescan Goldfields' Debt-to-Equity too high?
Wescan Goldfields' current Debt-to-Equity is -3.76. Based on the distribution chart, Wescan Goldfields ranks #999999 out of 1218 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Wescan Goldfields has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Wescan Goldfields' Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Wescan Goldfields ranks #999999 out of 1218 companies for Debt-to-Equity. This places Wescan Goldfields in the lower half of its industry. The industry median Debt-to-Equity is 0.15. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,218 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Wescan Goldfields and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wescan Goldfields's current Debt-to-Equity is -3.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wescan Goldfields stock overvalued right now?
Wescan Goldfields (WEGOF) has a current Debt-to-Equity of -3.76. The current Debt-to-Equity is -3.76. Wescan Goldfields' overall GF Score™ is 30/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Wescan Goldfields (WEGOF), the current Debt-to-Equity is -3.76 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Wescan Goldfields Business Description

Other Exchanges WGF:Canada
Address 602- 224 4th Avenue South, Saskatoon, SK, CAN, S7K 5M5
Wescan Goldfields Inc is engaged in the exploration and future development of its current exploration properties. Its properties include Jojay, Munro, and Fork Lake/Jasper/Tamar.
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