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Goldbank Mining (TSXV:GLB) Debt-to-Equity : -0.00 (As of Dec. 2023)


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What is Goldbank Mining Debt-to-Equity?

Goldbank Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.01 Mil. Goldbank Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Goldbank Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-6.10 Mil. Goldbank Mining's debt to equity for the quarter that ended in Dec. 2023 was -0.00.

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

TSXV:GLB's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Goldbank Mining Debt-to-Equity Historical Data

The historical data trend for Goldbank 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.

Goldbank Mining Debt-to-Equity Chart

Goldbank Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.01 - - -

Goldbank 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

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

For the Gold subindustry, Goldbank 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.


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

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

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



Goldbank Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goldbank Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Goldbank Mining's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Goldbank Mining  (TSXV:GLB) 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.


Goldbank Mining Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Goldbank Mining's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Goldbank Mining (TSXV:GLB) Business Description

Traded in Other Exchanges
Address
889 West Pender Street, Suite 702, Vancouver, BC, CAN, V6C 3B2
Goldbank Mining Corp is an exploration stage company which is engaged in the process of exploring its mineral property in Canada. The company is involved in the exploration and development in the Yukon including the Leota Gold project which includes hard rock mining claims of Gold properties in the Klondike region of the Yukon Territories, Canada, and the Hasenfuss. It operates in one industry and geographic segment, the mineral resource industry with all current exploration activities conducted in Canada.
Executives
Francesco Joseph Garofalo Director

Goldbank Mining (TSXV:GLB) Headlines

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