Rocky Shore Gold (XCNQ:RSG) Debt-to-Equity : 0.14 (As of Oct. 2024)

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What is Rocky Shore Gold Debt-to-Equity?

Rocky Shore Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was C$0.20 Mil. Rocky Shore Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was C$0.00 Mil. Rocky Shore Gold's Total Stockholders Equity for the quarter that ended in Oct. 2024 was C$1.39 Mil. Rocky Shore Gold's debt to equity for the quarter that ended in Oct. 2024 was 0.14.

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

XCNQ:RSG' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.54 Med: 0.01 Max: 0.14
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Rocky Shore Gold was 0.14. The lowest was -1.54. And the median was 0.01.

XCNQ:RSG's Debt-to-Equity is ranked better than
50.08% of 1238 companies
in the Metals & Mining industry
Industry Median: 0.14 vs XCNQ:RSG: 0.14

Rocky Shore Gold Debt-to-Equity Historical Data

The historical data trend for Rocky Shore 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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Rocky Shore Gold Debt-to-Equity Chart

Rocky Shore Gold Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

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0.01

0.02

Rocky Shore Gold Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-1.54	0.14

Competitive Comparison of Rocky Shore Gold's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Rocky Shore 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.

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

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

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

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Rocky Shore Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rocky Shore Gold's Debt to Equity Ratio for the fiscal year that ended in Jan. 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)	/	0.142
	=	0.00

Rocky Shore 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
	=	(0.2	+	0)	/	1.385
	=	0.14

Rocky Shore Gold (XCNQ:RSG) 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.

Rocky Shore Gold Debt-to-Equity Related Terms

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Rocky Shore Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rocky Shore Gold Ltd (XCNQ:RSG) » Definitions » Debt-to-Equity

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CNOBF:USA

Address

141 Adelaide Street West, Suite 301, Toronto, ON, CAN, M5H 3L5

Website

https://www.hemloexplorers.ca

Rocky Shore Gold Ltd, formerly Hemlo Explorers Inc is a Canada-based natural resource exploration and development company. Its projects include the North Limb, Belcher Islands Iron, Hemlo camp, project Idaho, and others.

Executives