Great Divide Mining (ASX:GDM) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Great Divide Mining Debt-to-Equity?

Great Divide Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.02 Mil. Great Divide Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.01 Mil. Great Divide Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$4.07 Mil. Great Divide Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

ASX:GDM' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.91 Med: -0.45 Max: 0.01
Current: 0.01

During the past 2 years, the highest Debt-to-Equity Ratio of Great Divide Mining was 0.01. The lowest was -0.91. And the median was -0.45.

ASX:GDM's Debt-to-Equity is ranked better than
99.92% of 1303 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:GDM: 0.01

Great Divide Mining Debt-to-Equity Historical Data

The historical data trend for Great Divide 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.

Great Divide Mining Debt-to-Equity Chart

Great Divide Mining Annual Data

Trend

Jun23

Jun24

Debt-to-Equity

-0.91

0.01

Great Divide Mining Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	-0.90	-0.91	0.01	0.01

Competitive Comparison of Great Divide Mining's Debt-to-Equity

For the Gold subindustry, Great Divide 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.

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

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

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

Great Divide Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Great Divide Mining's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.021	+	0.004)	/	3.582
	=	0.01

Great Divide Mining'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
	=	(0.02	+	0.014)	/	4.074
	=	0.01

Great Divide Mining (ASX:GDM) 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.

Great Divide Mining Debt-to-Equity Related Terms

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Great Divide Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Divide Mining Ltd (ASX:GDM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

127 Creek Street, Level 12, Brisbane, QLD, AUS, 4000

Website

https://www.greatdividemining.com.au

Great Divide Mining Ltd is a mineral exploration company. It focuses on the exploration and development of its projects for Gold, Antimony, and Copper, with Lithium and Rare Earth Metals.

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