Argo Gold (XCNQ:ARQ) Debt-to-Equity : 0.70 (As of Sep. 2024)

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What is Argo Gold Debt-to-Equity?

Argo Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$1.11 Mil. Argo Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. Argo Gold's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$1.58 Mil. Argo Gold's debt to equity for the quarter that ended in Sep. 2024 was 0.70.

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

XCNQ:ARQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.26 Max: 1.46
Current: 0.7

During the past 13 years, the highest Debt-to-Equity Ratio of Argo Gold was 1.46. The lowest was 0.12. And the median was 0.26.

XCNQ:ARQ's Debt-to-Equity is ranked worse than
81.06% of 1251 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:ARQ: 0.70

Argo Gold Debt-to-Equity Historical Data

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

Argo Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.17

Argo Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.08	1.17	1.12	0.87	0.70

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

For the Gold subindustry, Argo 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.

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

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

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

Argo Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Argo 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
	=	(1.11	+	0)	/	0.949
	=	1.17

Argo 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
	=	(1.11	+	0)	/	1.576
	=	0.70

Argo Gold (XCNQ:ARQ) 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.

Argo Gold Debt-to-Equity Related Terms

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Argo Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argo Gold Inc (XCNQ:ARQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ARBTF:USA P3U:Germany

Address

25 Adelaide Street, East, Suit 1400, Toronto, ON, CAN, M5C 3A1

Website

https://www.argogold.com

Argo Gold Inc is engaged in the acquisition, exploration, and development of mineral properties, and the production, exploration, and development of resource properties in Western Canada. Its projects include Oil Production in Alberta includes Oil & Gas Production, Current Oil and Gas Projects, Oil & Gas Reserves, and Oil & Gas in Alberta Backgrounder; the Uchi Gold Project includes Woco, Zone in the Uchi Gold Project, Raingold Zone at Uchi Lake Gold Project, Northgate Zone - Uchi Gold Project; NW Ontario Gold Projects include Talbot Lake Gold Project (Au), and Angela Lake Gold Project (Au).

Executives

Judith Catharine Baker	Director
James Bell	Senior Officer
Zubin Sethna	Senior Officer
Reinhard Schu	Director
Kenney James Storey	Senior Officer
George Peter Mah	Director, Senior Officer