Golden Goliath Resources (FRA:GGZA) Debt-to-Equity : 0.00 (As of Feb. 2024)

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What is Golden Goliath Resources Debt-to-Equity?

Golden Goliath Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €0.00 Mil. Golden Goliath Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €0.00 Mil. Golden Goliath Resources's Total Stockholders Equity for the quarter that ended in Feb. 2024 was €2.57 Mil. Golden Goliath Resources's debt to equity for the quarter that ended in Feb. 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 Golden Goliath Resources'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 Goliath Resources was 0.11. The lowest was 0.11. And the median was 0.11.

FRA:GGZA'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 Goliath Resources Debt-to-Equity Historical Data

The historical data trend for Golden Goliath 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.

Golden Goliath Resources Debt-to-Equity Chart

Golden Goliath Resources Annual Data

Trend

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Aug23

Debt-to-Equity

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Golden Goliath Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Golden Goliath Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Golden Goliath 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.

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

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

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

Golden Goliath Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Goliath Resources's Debt to Equity Ratio for the fiscal year that ended in Aug. 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)	/	2.591
	=	0.00

Golden Goliath Resources's Debt to Equity Ratio for the quarter that ended in Feb. 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	+	0)	/	2.567
	=	0.00

Golden Goliath Resources (FRA:GGZA) 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 Goliath Resources Debt-to-Equity Related Terms

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Golden Goliath Resources (FRA:GGZA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Goliath Resources Ltd (FRA:GGZA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GGTHF:USA GGZA:Germany GNG:Canada

Address

688 West Hastings Street, Suite 920, Vancouver, BC, CAN, V6B 1P1

Website

https://www.goldengoliath.com

Golden Goliath Resources Ltd is an exploration stage company. Its principal business activity is the acquisition and exploration of resource properties. It has properties in Ontario, Canada namely KWAI property and SLF property in the Red Lake District, the Wish Ore property in townships of Wishat and Palmer and in Mexico namely San Timoteo and NSR Royalties.

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