G6 Materials (TSXV:GGG) Debt-to-Equity

: 0.05 (As of Nov. 2023)

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G6 Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.01 Mil. G6 Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.00 Mil. G6 Materials's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$0.25 Mil. G6 Materials's debt to equity for the quarter that ended in Nov. 2023 was 0.05.

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 G6 Materials's Debt-to-Equity or its related term are showing as below:

TSXV:GGG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.61
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of G6 Materials was 0.61. The lowest was 0.01. And the median was 0.11.

TSXV:GGG's Debt-to-Equity is ranked better than
85.66% of 1395 companies
in the Chemicals industry
Industry Median: 0.35 vs TSXV:GGG: 0.05

G6 Materials Debt-to-Equity Historical Data

The historical data trend for G6 Materials'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.

G6 Materials Annual Data

Trend

Jul14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

0.19

0.04

0.03

0.06

G6 Materials Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity																0.01	0.05	0.06	0.06	0.05

Competitive Comparison

For the Specialty Chemicals subindustry, G6 Materials'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.

G6 Materials Debt-to-Equity Distribution

For the Chemicals industry and Basic Materials sector, G6 Materials's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where G6 Materials's Debt-to-Equity falls into.

G6 Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

G6 Materials's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(0.082	+	0)	/	1.313
	=	0.06

G6 Materials's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.012	+	0)	/	0.245
	=	0.05

G6 Materials (TSXV:GGG) 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.

G6 Materials Debt-to-Equity Related Terms

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G6 Materials (TSXV:GGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » G6 Materials Corp (TSXV:GGG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GPHBF:USA G310:Germany

Address

760 Koehler Avenue, Suite 2, Ronkonkoma, NY, USA, 11779

Website

https://www.g6-materials.com

G6 Materials Corp is engaged in the development, manufacture, and sale of proprietary composites and coatings based on graphene and other advanced materials. The company's products include high-performance resins, composites, R&D materials, fine organic chemicals, and conductive adhesives.