Goldrea Resources (FRA:GOJ1) Debt-to-Equity : -0.16 (As of Jan. 2024)

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What is Goldrea Resources Debt-to-Equity?

Goldrea Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €0.03 Mil. Goldrea Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €0.00 Mil. Goldrea Resources's Total Stockholders Equity for the quarter that ended in Jan. 2024 was €-0.20 Mil. Goldrea Resources's debt to equity for the quarter that ended in Jan. 2024 was -0.16.

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 Goldrea Resources's Debt-to-Equity or its related term are showing as below:

FRA:GOJ1' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.65 Med: -0.16 Max: 0.39
Current: -0.16

During the past 13 years, the highest Debt-to-Equity Ratio of Goldrea Resources was 0.39. The lowest was -0.65. And the median was -0.16.

FRA:GOJ1's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs FRA:GOJ1: -0.16

Goldrea Resources Debt-to-Equity Historical Data

The historical data trend for Goldrea 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.

Goldrea Resources Debt-to-Equity Chart

Goldrea Resources Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.24

-0.21

Goldrea Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-0.65	-0.50	-0.21	-0.18	-0.16

Competitive Comparison of Goldrea Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Goldrea 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.

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

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

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

Goldrea Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goldrea Resources's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.029	+	0)	/	-0.141
	=	-0.21

Goldrea Resources's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(0.031	+	0)	/	-0.199
	=	-0.16

Goldrea Resources (FRA:GOJ1) 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.

Goldrea Resources Debt-to-Equity Related Terms

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Goldrea Resources (FRA:GOJ1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldrea Resources Corp (FRA:GOJ1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GORAF:USA GOR:Canada

Address

889 West Pender Street, Suite 606, Vancouver, BC, CAN, V6C 3B2

Website

https://www.goldrea.com

Goldrea Resources Corp is engaged in the business of exploration and development of mineral properties. The mineral properties of the company are located in geographic regions of Canada, the USA, and Peru. The properties of the group located in Canada are Cannonball property, Link property.

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