GR Engineering Services (ASX:GNG) Debt-to-Equity : 0.15 (As of Dec. 2024)

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What is GR Engineering Services Debt-to-Equity?

GR Engineering Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$2.9 Mil. GR Engineering Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$7.9 Mil. GR Engineering Services's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$73.0 Mil. GR Engineering Services's debt to equity for the quarter that ended in Dec. 2024 was 0.15.

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 GR Engineering Services's Debt-to-Equity or its related term are showing as below:

ASX:GNG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.28
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of GR Engineering Services was 0.28. The lowest was 0.01. And the median was 0.14.

ASX:GNG's Debt-to-Equity is ranked worse than
51.29% of 1238 companies
in the Metals & Mining industry
Industry Median: 0.14 vs ASX:GNG: 0.15

GR Engineering Services Debt-to-Equity Historical Data

The historical data trend for GR Engineering Services'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.

GR Engineering Services Debt-to-Equity Chart

GR Engineering Services Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.22

0.16

0.14

0.24

0.28

GR Engineering Services Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.18	0.24	0.18	0.28	0.15

Competitive Comparison of GR Engineering Services's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, GR Engineering Services'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.

GR Engineering Services's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

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GR Engineering Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GR Engineering Services'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
	=	(5.383	+	12.922)	/	66.327
	=	0.28

GR Engineering Services's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(2.873	+	7.917)	/	72.967
	=	0.15

GR Engineering Services (ASX:GNG) 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.

GR Engineering Services Debt-to-Equity Related Terms

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GR Engineering Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GR Engineering Services Ltd (ASX:GNG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

71 Daly Street, Ascot, Perth, WA, AUS, 6104

Website

https://www.gres.com.au

GR Engineering Services Ltd provides process engineering design and construction services to the mining and mineral processing industry and the provision of operations, maintenance and advisory services to the energy sector. Its projects include the Dalgaranga Gold project, Mt Morgan's Project, and the Nova Nickel Project among others. It operates through the below segments: Mineral Processing and Oil and gas. The firm generates the majority of its revenue from the Mineral Processing segment.

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