Waraba Gold (XCNQ:WBGD) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Waraba Gold Debt-to-Equity?

Waraba Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Waraba Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Waraba Gold's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$0.54 Mil. Waraba Gold's debt to equity for the quarter that ended in Jan. 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 Waraba Gold's Debt-to-Equity or its related term are showing as below:

During the past 7 years, the highest Debt-to-Equity Ratio of Waraba Gold was 0.33. The lowest was -0.79. And the median was 0.12.

XCNQ:WBGD'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.

Waraba Gold Debt-to-Equity Historical Data

The historical data trend for Waraba 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.

Waraba Gold Debt-to-Equity Chart

Waraba Gold Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.12

0.28

Waraba Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Waraba 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.

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

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

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

Waraba Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Waraba Gold's Debt to Equity Ratio for the fiscal year that ended in Jul. 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)	/	1.028
	=	0.00

Waraba Gold's Debt to Equity Ratio for the quarter 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)	/	0.537
	=	0.00

Waraba Gold (XCNQ:WBGD) 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.

Waraba Gold Debt-to-Equity Related Terms

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

Waraba Gold (XCNQ:WBGD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

WARAF:USA ZE0:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.warabagold.com

Waraba Gold Ltd is a mineral exploration company in British Columbia, Canada. It is engaged in acquiring and exploring mineral properties. The projects carried out by the company include Mali Gold Project and Scotch Creek Property. The Company operates in a single reportable operating segment; exploration and evaluation business in two geographical areas, Canada, and Mali.

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