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Debt / Common Equity for Orezone Gold Corp

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ORE: Orezone Gold Corp

Orezone Gold Corporation engages in the mining, exploration, and development of gold properties. Its flagship property is the 90%-owned Bomboré gold project located in Burkina Faso, West Africa. The c...

1.00 CAD
Price
CAD
Fair Value
Upside
0.58 - 1.04
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Orezone Gold Corp's Debt / Common Equity:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 20240.0%50.0%100.0%150.0%

Performance Summary
  • Orezone Gold's debt / equity last quarter was 38.8%
  • Orezone Gold's debt / equity for fiscal years ending December 2020 to 2024 averaged 66.0%.
  • Orezone Gold's operated at median debt / equity of 62.7% from fiscal years ending December 2020 to 2024.
  • Looking back at the last 5 years, Orezone Gold's debt / equity peaked in December 2022 at 155.3%.
  • Orezone Gold's debt / equity hit its 5-year low in December 2020 of 0.9%.
  • Orezone Gold's debt / equity decreased in 2020 (0.9%, -23.0%), 2023 (62.7%, -59.6%), and 2024 (38.8%, -38.1%) and increased in 2021 (72.5%, +8,422.7%) and 2022 (155.3%, +114.1%).

How does Orezone Gold's Debt / Common Equity benchmark against competitors?

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We've identified the following companies as similar to Orezone Gold Corp because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Debt / Equity

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debt_to_equity
Slug
number
Datatype
text
Format
current
Default Period
FY, Q
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Debt / Common Equity in the risk category include:

  • Net Debt / Equity - A ratio that measures the level of the net debt relative to the book value of common equity. This ratio is also called net gearing ratio.
  • Cash / Total Capital - A ratio that measures the level of the cash relative to the market value of total capital.
  • FCF / OCF - A ratio that measures the amount of free cash flows (FCF) for each dollar of operating cash flows (OCF).
  • Interest Coverage Ratio - A ratio used to assess a firm's ability to pay interest expenses based on operating profits (EBIT).
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Debt / Equity

A ratio that measures the level of the debt relative to the book value of common equity.

Definition of Debt / Common Equity

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Debt / Equity is defined as:

Total Debt
(/) Total Common Equity
(=) Debt / Equity

Debt / Equity for Orezone Gold is calculated as follows:

Total Debt [ 143.9 M]
(/) Total Common Equity [ 370.6 M ]
(=) Debt / Equity [ 38.8% ]

The tables below summarizes the trend in Orezone Gold’s Debt / Equity over the last five years:

Fiscal Year Total Debt Total Common Equity Debt / Equity
2020-12-31 213.298 T 25.065 M 0.9%
2021-12-31 58.681 M 80.91 M 72.5%
2022-12-31 166.4 M 107.1 M 155.3%
2023-12-31 123.8 M 197.2 M 62.7%
2024-12-31 143.9 M 370.6 M 38.8%

The tables below summarizes the trend in Orezone Gold’s Debt / Equity over the last four quarters:

Fiscal Quarter Total Debt Total Common Equity Debt / Equity
2024-03-31 118.2 M 220.9 M 53.5%
2024-06-30 139.6 M 237.1 M 58.9%
2024-09-30 135.6 M 306.8 M 44.2%
2024-12-31 143.9 M 370.6 M 38.8%

The higher the ratio, the more debt the company has in its capital structure.

Read More on HBR: Debt / Equity Ratio


Click the link below to download a spreadsheet with an example Debt / Common Equity calculation for Orezone Gold Corp below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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-150.9%49.1%293.9%05001,0001,500

The chart above depicts the distribution of debt / common equity for companies operating in the Materials sector in the Developed economic region. Over 3,180 companies were considered in this analysis, and 3,060 had meaningful values. The average debt / common equity of companies in the sector is 17.6% with a standard deviation of 47.7%.

Orezone Gold Corp's Debt / Common Equity of 38.8% ranks in the 81.0% percentile for the sector. The following table provides additional summary stats:

Debt / Common Equity In The Materials Sector
Economic Risk RegionDeveloped
Total Constituents3,188
Included Constituents3,060
Min-153.2%
Max287.5%
Median0.7%
Mean17.6%
Standard Deviation47.7%

You can find companies with similar debt / common equity using this stock screener.

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