Goldgroup Mining (Goldgroup Mining) Debt-to-Equity : -0.03 (As of Dec. 2023)

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What is Goldgroup Mining Debt-to-Equity?

Goldgroup Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.06 Mil. Goldgroup Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.13 Mil. Goldgroup Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-6.37 Mil. Goldgroup Mining's debt to equity for the quarter that ended in Dec. 2023 was -0.03.

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 Goldgroup Mining's Debt-to-Equity or its related term are showing as below:

GGAZF' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.24 Med: 0.15 Max: 2.29
Current: -0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Goldgroup Mining was 2.29. The lowest was -8.24. And the median was 0.15.

GGAZF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs GGAZF: -0.03

Goldgroup Mining Debt-to-Equity Historical Data

The historical data trend for Goldgroup Mining'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.

Goldgroup Mining Debt-to-Equity Chart

Goldgroup Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.64

2.29

-8.24

-1.58

-0.03

Goldgroup Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-1.58	-1.21	-0.49	-0.26	-0.03

Competitive Comparison of Goldgroup Mining's Debt-to-Equity

For the Gold subindustry, Goldgroup Mining'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.

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

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

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

Goldgroup Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goldgroup Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.056	+	0.126)	/	-6.369
	=	-0.03

Goldgroup Mining's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.056	+	0.126)	/	-6.369
	=	-0.03

Goldgroup Mining (OTCPK:GGAZF) 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.

Goldgroup Mining Debt-to-Equity Related Terms

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Goldgroup Mining (Goldgroup Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldgroup Mining Inc (OTCPK:GGAZF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GGA:Mexico 55G0:Germany GGA:Canada

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.goldgroupmining.com

Goldgroup Mining Inc is a Canadian-based gold production, development, and exploration company with an upside in a portfolio of projects in Mexico, including an interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of the high-grade gold exploration project, San Jose de Gracia, located in the State of Sinaloa. In addition, the company operates its 100%-owned Cerro Prieto heap-leach gold mine, in the State of Sonora, Mexico.