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Gold X2 MiningFRA:DF8 +5.43%38 Debt-to-Equity is 0.00 as of Mar. 2026. GuruFocus rates FRA:DF8 with a GF Score™ of 38/100. The stock has 2 warning signs investors should review. Among 1,218 Metals & Mining companies, Gold X2 Mining ranks worse than 82101.72% on this metric.
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 Gold X2 Mining's Debt-to-Equity or its related term are showing as below:
During the past 6 years, the highest Debt-to-Equity Ratio of Gold X2 Mining was 0.01. The lowest was 0.00. And the median was 0.00.
FRA:DF8's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.15 * Ranked among companies with meaningful Debt-to-Equity only.
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.
Gold X2 Mining Debt-to-Equity Related Terms
Gold X2 Mining Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Gold X2 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.
For the Gold subindustry, Gold X2 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.
Gold X2 Mining Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Gold X2 Mining's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Gold X2 Mining's Debt-to-Equity falls into.
* 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.
Gold X2 Mining (FRA:DF8) has a Debt-to-Equity of 0.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Gold X2 Mining and its competitors. According to the industry distribution chart, Gold X2 Mining ranks #999999 out of 1218 companies in the Metals & Mining industry.
Is Gold X2 Mining's Debt-to-Equity too high?
Gold X2 Mining's current Debt-to-Equity is 0.00. Based on the distribution chart, Gold X2 Mining ranks #999999 out of 1218 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Gold X2 Mining has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Gold X2 Mining's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Gold X2 Mining ranks #999999 out of 1218 companies for Debt-to-Equity. This places Gold X2 Mining in the lower half of its industry. The industry median Debt-to-Equity is 0.15. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,218 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Gold X2 Mining and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gold X2 Mining's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold X2 Mining stock overvalued right now?
Gold X2 Mining (FRA:DF8) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. Gold X2 Mining's overall GF Score™ is 38/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Gold X2 Mining (FRA:DF8), the current Debt-to-Equity is 0.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Gold X2 Mining Inc is a gold-focused Canadian mineral exploration company. Its primary business is the acquisition and exploration of precious metal mineral properties in Canada. Gold X2 currently holds title to the Moss Gold Project, Hillcrest Project, and an option to earn into the Vanguard Project, Coldstream Project, and Huronian Project located in Ontario, Canada.
38GF Score
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