Golden Deeps (ASX:GED) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Golden Deeps Debt-to-Equity?

Golden Deeps's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Golden Deeps's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Golden Deeps's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$12.09 Mil. Golden Deeps's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of Golden Deeps was 1.09. The lowest was -4.32. And the median was 0.08.

ASX:GED'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.

Golden Deeps Debt-to-Equity Historical Data

The historical data trend for Golden Deeps'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.

Golden Deeps Debt-to-Equity Chart

Golden Deeps Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.04

Golden Deeps Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Golden Deeps's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Golden Deeps'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.

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

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

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

Golden Deeps Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Deeps's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	0)	/	12.456
	=	0.00

Golden Deeps'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	+	0)	/	12.093
	=	0.00

Golden Deeps (ASX:GED) 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.

Golden Deeps Debt-to-Equity Related Terms

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

Golden Deeps (ASX:GED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Deeps Ltd (ASX:GED) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Parliament Place, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.goldendeeps.com

Golden Deeps Ltd is engaged in the exploration of mineral deposits. The company is in the exploration and development of its prospects in Australia, Namibia and Canada. The company explores gold, copper, silver, lead, zinc, and vanadium deposits. The company's project comprises of Tuckers Hill and Havilah Project, Abenab Vanadium Project, and others. Substantial revenue is generated from Australian operations.

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