GGX Gold (FRA:3SR2) Debt-to-Equity : -0.32 (As of Dec. 2023)

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What is GGX Gold Debt-to-Equity?

GGX Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.40 Mil. GGX Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. GGX Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €-1.23 Mil. GGX Gold's debt to equity for the quarter that ended in Dec. 2023 was -0.32.

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 GGX Gold's Debt-to-Equity or its related term are showing as below:

FRA:3SR2' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.44 Med: -0.33 Max: -0.25
Current: -0.32

During the past 13 years, the highest Debt-to-Equity Ratio of GGX Gold was -0.25. The lowest was -0.44. And the median was -0.33.

FRA:3SR2's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs FRA:3SR2: -0.32

GGX Gold Debt-to-Equity Historical Data

The historical data trend for GGX Gold'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.

GGX Gold Debt-to-Equity Chart

GGX Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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-0.37

-0.33

GGX Gold 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															-0.41	-0.35	-0.33	-0.31	-0.32

Competitive Comparison of GGX Gold's Debt-to-Equity

For the Gold subindustry, GGX Gold'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.

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

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

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

GGX Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GGX Gold's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.418	+	0)	/	-1.26
	=	-0.33

GGX Gold'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
	=	(0.396	+	0)	/	-1.232
	=	-0.32

GGX Gold (FRA:3SR2) 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.

GGX Gold Debt-to-Equity Related Terms

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

GGX Gold (FRA:3SR2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GGX Gold Corp (FRA:3SR2) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GGXXF:USA 3SR:Germany GGX:Canada

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.ggxgold.com

GGX Gold Corp is a Canada-based company. It is involved in the industrial metals and minerals business sector. The activities of the company consist of the acquisition, exploration, and development of mineral properties. The company has one project known as Gold Drop. It explores for gold, Tellurium, and silver properties.

GGX Gold (FRA:3SR2) Headlines

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