GFG Resources (FRA:2GQ) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is GFG Resources Debt-to-Equity?

GFG Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.02 Mil. GFG Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.02 Mil. GFG Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €21.78 Mil. GFG Resources's debt to equity for the quarter that ended in Mar. 2024 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 GFG Resources's Debt-to-Equity or its related term are showing as below:

During the past 11 years, the highest Debt-to-Equity Ratio of GFG Resources was 0.01. The lowest was 0.00. And the median was 0.00.

FRA:2GQ'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.

GFG Resources Debt-to-Equity Historical Data

The historical data trend for GFG Resources'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.

GFG Resources Debt-to-Equity Chart

GFG Resources Annual Data

Trend

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Debt-to-Equity

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GFG Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of GFG Resources's Debt-to-Equity

For the Gold subindustry, GFG Resources'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.

GFG Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

GFG Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GFG Resources'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
	=	(0.049	+	0.035)	/	22.325
	=	0.00

GFG Resources's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.024	+	0.016)	/	21.779
	=	0.00

GFG Resources (FRA:2GQ) 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.

GFG Resources Debt-to-Equity Related Terms

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GFG Resources (FRA:2GQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GFG Resources Inc (FRA:2GQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GFGSF:USA GFG:Canada

Address

202-640 Broadway Avenue, Saskatoon, SK, CAN, S7N 1A9

Website

https://www.gfgresources.com

GFG Resources Inc is a precious metals exploration company. Its principal business is to acquire, explore, and develop interests in exploration and evaluation assets. The company holds an interest in the Rattlesnake Hills Gold Property which is located southwest of Casper in Central Wyoming, U.S., and Pen Gold and Dore Gold Projects located in Ontario, Canada.

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