Gold Digger Resources (XCNQ:GDIG) Debt-to-Equity : 0.00 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Gold Digger Resources Debt-to-Equity?

Gold Digger Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Gold Digger Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Gold Digger Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$0.33 Mil. Gold Digger Resources's debt to equity for the quarter that ended in Mar. 2024 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 Gold Digger Resources's Debt-to-Equity or its related term are showing as below:

XCNQ:GDIG'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.

Gold Digger Resources Debt-to-Equity Historical Data

The historical data trend for Gold Digger 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.

Gold Digger Resources Debt-to-Equity Chart

Gold Digger Resources Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

Gold Digger Resources Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of Gold Digger Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Gold Digger 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.

Gold Digger Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Gold Digger Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gold Digger 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	+	0)	/	0.368
	=	0.00

Gold Digger Resources's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	0)	/	0.327
	=	0.00

Gold Digger Resources (XCNQ:GDIG) 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.

Gold Digger Resources Debt-to-Equity Related Terms

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

Gold Digger Resources (XCNQ:GDIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Digger Resources Inc (XCNQ:GDIG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GDIGF:USA

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.gdresourcesinc.com

Gold Digger Resources Inc is a mineral resource exploration and exploitation company with a concentration in battery and precious metals. The company's material property is the Regnault Project, consisting of approximately 71 contiguous mineral claims covering an area of approximately 23,678 Ha located north-northeast of Chibougamau in the Province of Quebec.

Executives

Blair Lawrence Naughty

10% Security Holder

Gold Digger Resources (XCNQ:GDIG) Headlines

No Headlines