GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldcorp Inc (NYSE:GG) » Definitions » Debt-to-Equity

Goldcorp (Goldcorp) Debt-to-Equity : 0.31 (As of Dec. 2018)


View and export this data going back to 1994. Start your Free Trial

What is Goldcorp Debt-to-Equity?

Goldcorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2018 was $400 Mil. Goldcorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2018 was $2,697 Mil. Goldcorp's Total Stockholders Equity for the quarter that ended in Dec. 2018 was $9,875 Mil. Goldcorp's debt to equity for the quarter that ended in Dec. 2018 was 0.31.

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

GG'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.

Goldcorp Debt-to-Equity Historical Data

The historical data trend for Goldcorp'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.

Goldcorp Debt-to-Equity Chart

Goldcorp Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.23 0.21 0.19 0.31

Goldcorp Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 0.19 0.19 0.20 0.21 0.31

Competitive Comparison of Goldcorp's Debt-to-Equity

For the Gold subindustry, Goldcorp'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.


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

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

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



Goldcorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goldcorp's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Goldcorp's Debt to Equity Ratio for the quarter that ended in Dec. 2018 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.


Goldcorp  (NYSE:GG) 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.


Goldcorp Debt-to-Equity Related Terms

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


Goldcorp (Goldcorp) Business Description

Traded in Other Exchanges
N/A
Address
666 Burrard Street, Suite 3400, Park Place, Vancouver, BC, CAN, V6C 2X8
Goldcorp is a senior gold mining company with operations in Canada, the United States, Mexico, and Latin America. It produced roughly 2.3 million ounces of gold in 2018. Goldcorp has historically focused on stable mining jurisdictions in North and South America while targeting rapid production growth through internal development and acquisitions. As of Dec. 31, 2018, Goldcorp had 52.8 million ounces of proven and probable gold reserves.