Grand T G Gold Holdings (HKSE:08299) Debt-to-Equity : 1.45 (As of Sep. 2023)

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What is Grand T G Gold Holdings Debt-to-Equity?

Grand T G Gold Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$23.3 Mil. Grand T G Gold Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$497.8 Mil. Grand T G Gold Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$359.9 Mil. Grand T G Gold Holdings's debt to equity for the quarter that ended in Sep. 2023 was 1.45.

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 Grand T G Gold Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:08299' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.85 Med: 2 Max: 7.03
Current: 1.45

During the past 13 years, the highest Debt-to-Equity Ratio of Grand T G Gold Holdings was 7.03. The lowest was 0.85. And the median was 2.00.

HKSE:08299's Debt-to-Equity is ranked worse than
92.67% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HKSE:08299: 1.45

Grand T G Gold Holdings Debt-to-Equity Historical Data

The historical data trend for Grand T G Gold Holdings'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.

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Grand T G Gold Holdings Debt-to-Equity Chart

Grand T G Gold Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.56

2.04

2.09

1.95

0.85

Grand T G Gold Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.95	N/A	0.85	N/A	1.45

Competitive Comparison of Grand T G Gold Holdings's Debt-to-Equity

For the Gold subindustry, Grand T G Gold Holdings'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.

Grand T G Gold Holdings's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Grand T G Gold Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Grand T G Gold Holdings's Debt-to-Equity falls into.

Grand T G Gold Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grand T G Gold Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(21.675	+	302.966)	/	380.467
	=	0.85

Grand T G Gold Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(23.259	+	497.75)	/	359.852
	=	1.45

Grand T G Gold Holdings (HKSE:08299) 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.

Grand T G Gold Holdings Debt-to-Equity Related Terms

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Grand T G Gold Holdings (HKSE:08299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grand T G Gold Holdings Ltd (HKSE:08299) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

305-313 Queen’s Road Central, Roon A-B, 8th Floor, Centre Mark II, Sheung Wan, Hong Kong, HKG

Website

https://www.grandtg.com

Grand T G Gold Holdings Ltd is an investment holding company. Its subsidiaries are principally engaged in gold exploration, mining, mineral processing, the sale of gold concentrate, and related products. Its segments are Gold mining and Corporate. The group's operations are located in Hong Kong and other parts of the People's Republic of China whereas the principal markets for the group's products are mainly located in other parts of the People's Republic of China.

Grand T G Gold Holdings (HKSE:08299) Headlines

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