Golden Arrow Resources (STU:G6A) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Golden Arrow Resources Debt-to-Equity?

Golden Arrow Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.04 Mil. Golden Arrow Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.10 Mil. Golden Arrow Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €3.81 Mil. Golden Arrow Resources'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 Golden Arrow Resources's Debt-to-Equity or its related term are showing as below:

STU:G6A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.3
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Golden Arrow Resources was 0.30. The lowest was 0.01. And the median was 0.03.

STU:G6A's Debt-to-Equity is ranked better than
75.48% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs STU:G6A: 0.03

Golden Arrow Resources Debt-to-Equity Historical Data

The historical data trend for Golden Arrow Resources'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.

Golden Arrow Resources Debt-to-Equity Chart

Golden Arrow Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

0.04

0.03

Golden Arrow Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.04	0.05	0.05	0.03

Competitive Comparison of Golden Arrow Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Golden Arrow Resources'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.

Golden Arrow Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Golden Arrow Resources's Debt-to-Equity falls into.

Golden Arrow Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Arrow Resources'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
	=	(0.036	+	0.095)	/	3.807
	=	0.03

Golden Arrow Resources'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
	=	(0.036	+	0.095)	/	3.807
	=	0.03

Golden Arrow Resources (STU:G6A) 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.

Golden Arrow Resources Debt-to-Equity Related Terms

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Golden Arrow Resources (STU:G6A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Arrow Resources Corp (STU:G6A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GARWF:USA GRG:Canada

Address

837 West Hastings Street, Suite 312, Vancouver, BC, CAN, V6C 3N6

Website

https://www.goldenarrowresources.com

Golden Arrow Resources Corp is a natural resource company engaged in the acquisition, exploration and development of resources properties in South America. It has one reportable segment which is Mineral Exploration and Development. The company's projects include Tierra Dorada, Rosales, Flecha de Oro and others. It has a business presence in Canada, Argentina, Chile and Paraguay.

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