Red Lake Gold (XCNQ:RGLD) Debt-to-Equity : 0.00 (As of Feb. 2024)

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What is Red Lake Gold Debt-to-Equity?

Red Lake Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Red Lake Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Red Lake Gold's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$2.02 Mil. Red Lake Gold's debt to equity for the quarter that ended in Feb. 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 Red Lake Gold's Debt-to-Equity or its related term are showing as below:

XCNQ:RGLD's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Red Lake Gold Debt-to-Equity Historical Data

The historical data trend for Red Lake 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.

Red Lake Gold Debt-to-Equity Chart

Red Lake Gold Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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Red Lake Gold Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Red Lake Gold's Debt-to-Equity

For the Gold subindustry, Red Lake 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.

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

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

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

Red Lake Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Red Lake Gold's Debt to Equity Ratio for the fiscal year that ended in Nov. 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	+	0)	/	2.023
	=	0.00

Red Lake Gold's Debt to Equity Ratio for the quarter that ended in Feb. 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)	/	2.022
	=	0.00

Red Lake Gold (XCNQ:RGLD) 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.

Red Lake Gold Debt-to-Equity Related Terms

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Red Lake Gold (XCNQ:RGLD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

P11A:Germany

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.redlakegold.ca

Red Lake Gold Inc is focused on a high-impact gold exploration through its Whirlwind Jack Gold Project which is a district-scale gold exploration project located near Red Lake, Ontario. The LP Fault structure interpreted in this project is situated within a deep magnetic low. The company projects also include Fenelon North Gold Project, Preston District Uranium Project.

Executives

Ryan Kalt

10% Security Holder, Director, Senior Officer