Geologica Resource (FRA:862) Debt-to-Equity : -1.43 (As of Dec. 2023)

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What is Geologica Resource Debt-to-Equity?

Geologica Resource's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.09 Mil. Geologica Resource's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. Geologica Resource's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €-0.07 Mil. Geologica Resource's debt to equity for the quarter that ended in Dec. 2023 was -1.43.

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 Geologica Resource's Debt-to-Equity or its related term are showing as below:

FRA:862' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.43 Med: -1.09 Max: 0.34
Current: -1.43

During the past 4 years, the highest Debt-to-Equity Ratio of Geologica Resource was 0.34. The lowest was -1.43. And the median was -1.09.

FRA:862's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs FRA:862: -1.43

Geologica Resource Debt-to-Equity Historical Data

The historical data trend for Geologica Resource'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.

Geologica Resource Debt-to-Equity Chart

Geologica Resource Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.91

-1.27

0.34

-1.43

Geologica Resource Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.34	0.72	0.95	1.09	-1.43

Competitive Comparison of Geologica Resource's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Geologica Resource'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.

Geologica Resource's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Geologica Resource Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Geologica Resource's Debt to Equity Ratio for the fiscal year 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
	=	(0.093	+	0)	/	-0.065
	=	-1.43

Geologica Resource'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
	=	(0.093	+	0)	/	-0.065
	=	-1.43

Geologica Resource (FRA:862) 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.

Geologica Resource Debt-to-Equity Related Terms

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Geologica Resource (FRA:862) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geologica Resource Corp (FRA:862) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GRCM:Canada

Address

630 - 1111 Melville Street, Vancouver, BC, CAN, V6E 3V6

Website

https://www.geologicaresource.com

Geologica Resource Corp is a mineral explorer, building shareholder value through the acquisition of projects with significant technical merit. The company has an option agreement and a purchase agreement for 100% of the mineral claims known as the Topley Project, located in central British Columbia. The Topley Property consists of 7 mineral claims totalling approximately 2,706 Hectares, located in central British Columbia, in the Omineca Mining Division.

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