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Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. The company operates through Eagle River and Kiena segments. It holds 100% interest in the Eagle River Min...
The following section summarizes insights on Wesdome Gold Mines Ltd.'s Debt / Common Equity:
We've identified the following companies as similar to Wesdome Gold Mines Ltd. 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.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Debt / Common Equity in the risk category include:
A ratio that measures the level of the debt relative to the book value of common equity.
Debt / Equity is defined as:
Total Debt
(/) Total Common Equity
(=) Debt / Equity
Debt / Equity for Wesdome Gold Mines is calculated as follows:
Total Debt [ 881 T]
(/) Total Common Equity [ 570.8 M ]
(=) Debt / Equity [ 0.2% ]
The tables below summarizes the trend in Wesdome Gold Mines’s Debt / Equity over the last five years:
| Fiscal Year | Total Debt | Total Common Equity | Debt / Equity |
|---|---|---|---|
| 2020-12-31 | 11.505 M | 256.4 M | 4.5% |
| 2021-12-31 | 14.575 M | 395.2 M | 3.7% |
| 2022-12-31 | 63.983 M | 398.5 M | 16.1% |
| 2023-12-31 | 42.462 M | 427.3 M | 9.9% |
| 2024-12-31 | 881 T | 570.8 M | 0.2% |
The tables below summarizes the trend in Wesdome Gold Mines’s Debt / Equity over the last four quarters:
| Fiscal Quarter | Total Debt | Total Common Equity | Debt / Equity |
|---|---|---|---|
| 2024-03-31 | 31.576 M | 441.6 M | 7.1% |
| 2024-06-30 | 2.069 M | 471.9 M | 0.4% |
| 2024-09-30 | 1.522 M | 513.4 M | 0.3% |
| 2024-12-31 | 881 T | 570.8 M | 0.2% |
The higher the ratio, the more debt the company has in its capital structure.
Read More on HBR: Debt / Equity Ratio