Green Block Mining (XCNQ:GBMC) Debt-to-Equity : 2.31 (As of Aug. 2021)

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What is Green Block Mining Debt-to-Equity?

Green Block Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2021 was C$4.46 Mil. Green Block Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2021 was C$2.76 Mil. Green Block Mining's Total Stockholders Equity for the quarter that ended in Aug. 2021 was C$3.13 Mil. Green Block Mining's debt to equity for the quarter that ended in Aug. 2021 was 2.30.

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 Green Block Mining's Debt-to-Equity or its related term are showing as below:

XCNQ:GBMC's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Green Block Mining Debt-to-Equity Historical Data

The historical data trend for Green Block Mining'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.

Green Block Mining Debt-to-Equity Chart

Green Block Mining Annual Data

Trend

Nov18

Nov19

Nov20

Debt-to-Equity

-0.63

-0.59

-1.15

Green Block Mining Quarterly Data
	Aug18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21
Debt-to-Equity	Get a 7-Day Free Trial							-1.22	-1.15	-1.39	3.45	2.31

Competitive Comparison of Green Block Mining's Debt-to-Equity

For the Software - Application subindustry, Green Block Mining'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.

Green Block Mining's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Green Block Mining's Debt-to-Equity distribution charts can be found below:

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

Green Block Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Green Block Mining's Debt to Equity Ratio for the fiscal year that ended in Nov. 2020 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
	=	(1.127	+	1.926)	/	-2.666
	=	-1.15

Green Block Mining's Debt to Equity Ratio for the quarter that ended in Aug. 2021 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
	=	(4.461	+	2.758)	/	3.132
	=	2.30

Green Block Mining (XCNQ:GBMC) 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.

Green Block Mining Debt-to-Equity Related Terms

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Green Block Mining (XCNQ:GBMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Green Block Mining Corp (XCNQ:GBMC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

http://www.linkblockchaintech.com

Green Block Mining Corp, formerly Link Global Technologies Inc is a innovative power and infrastructure solution provider for digital mining and data hosting operations. LINK maximizes the potential of today's technologies through power solutions. It builds and manages semi-portable, self-contained power solutions that can be rapidly deployed in virtually any environment. With the low-cost, energy-efficient and smart infrastructure company provides digital mining services to third parties.

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