Precore Gold (XCNQ:PRCG) Debt-to-Equity : 0.00 (As of Oct. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Precore Gold Debt-to-Equity?

Precore Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was C$0.00 Mil. Precore Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was C$0.00 Mil. Precore Gold's Total Stockholders Equity for the quarter that ended in Oct. 2024 was C$0.20 Mil. Precore Gold's debt to equity for the quarter that ended in Oct. 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 Precore Gold's Debt-to-Equity or its related term are showing as below:

XCNQ:PRCG' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.03 Med: 0.02 Max: 0.05
Current: 0.01

During the past 3 years, the highest Debt-to-Equity Ratio of Precore Gold was 0.05. The lowest was -0.03. And the median was 0.02.

XCNQ:PRCG's Debt-to-Equity is ranked better than
99.92% of 1238 companies
in the Metals & Mining industry
Industry Median: 0.14 vs XCNQ:PRCG: 0.01

Precore Gold Debt-to-Equity Historical Data

The historical data trend for Precore 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.

Precore Gold Debt-to-Equity Chart

Precore Gold Annual Data

Trend

Jul22

Jul23

Jul24

Debt-to-Equity

0.03

0.01

-0.03

Precore Gold Quarterly Data
	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Debt-to-Equity	Get a 7-Day Free Trial					0.01	0.03	0.05	-0.03	-

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

For the Other Industrial Metals & Mining subindustry, Precore 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.

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

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

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

Save Embed

;

Save Embed

;

Precore Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Precore Gold's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.002	+	0)	/	-0.076
	=	-0.03

Precore Gold's Debt to Equity Ratio for the quarter that ended in Oct. 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	+	0)	/	0.202
	=	0.00

Precore Gold (XCNQ:PRCG) 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.

Precore Gold Debt-to-Equity Related Terms

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

Precore Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Precore Gold Corp (XCNQ:PRCG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

551 Howe Street, Suite 200, Vancouver, BC, CAN, V6C 2C2

Website

Precore Gold Corp, formerly Double Deuce Exploration Corp is a company whose principal business activities include the acquisition and exploration of mineral property assets. The company has one project named Kimber Property that is in exploration stage which is located at Kimberley British Columbia.

Precore Gold Headlines

No Headlines