GAYGQ (Montauk Metals) Debt-to-Equity: -0.40 (As of Sep. 2024)

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What is Montauk Metals Debt-to-Equity?

Montauk Metals GAYGQ Debt-to-Equity is -0.40 as of Sep. 2024.

Montauk Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.23 Mil. Montauk Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Montauk Metals's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-0.57 Mil. Montauk Metals's debt to equity for the quarter that ended in Sep. 2024 was -0.40.

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 Montauk Metals's Debt-to-Equity or its related term are showing as below:

GAYGQ's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

Montauk Metals  (OTCPK:GAYGQ) 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.

Montauk Metals Debt-to-Equity Related Terms

Montauk Metals Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Montauk Metals'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.

Montauk Metals Debt-to-Equity Chart

Montauk Metals Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 -0.28

Montauk Metals Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -0.28 -0.28 -0.45 -0.40

GAYGQ vs RNGG, NEM, AU: Debt-to-Equity Comparison

For the Gold subindustry, Montauk Metals'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.

Montauk Metals Debt-to-Equity vs Metals & Mining Industry

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

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


Montauk Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Montauk Metals'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
=(0.201096 + 0) / -0.707999
=-0.28

Montauk Metals's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(0.231014 + 0) / -0.573553
=-0.40

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.40 mean?
Montauk Metals (GAYGQ) has a Debt-to-Equity of -0.40 as of Sep. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Montauk Metals and its competitors.
Is Montauk Metals' Debt-to-Equity too high?
Montauk Metals' current Debt-to-Equity is -0.40.
How does Montauk Metals' Debt-to-Equity compare to RNGG and NEM?
Montauk Metals' Debt-to-Equity of -0.40 can be compared against companies in the Metals & Mining industry. The industry median Debt-to-Equity is 0.14. 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 0.14, based on 1,223 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 Montauk Metals and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Montauk Metals's current Debt-to-Equity is -0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Montauk Metals stock overvalued right now?
Montauk Metals (GAYGQ) has a current Debt-to-Equity of -0.40. The current Debt-to-Equity is -0.40. 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 Montauk Metals (GAYGQ), the current Debt-to-Equity is -0.40 as of Sep. 2024. 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.

Montauk Metals Business Description

Address 82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1
Galway Gold Inc. is a Canadian mineral exploration company focused on acquiring, exploring, and developing gold and precious metal resource properties in South America. Its principal asset is the Reina de Oro gold project in the Vetas mining district of Santander, Colombia, where it holds mineral rights covering a historic high-grade gold mining area. The company's activities center on geological mapping, sampling, and drilling to define and expand mineral resources, with the goal of advancing its properties toward development. As a junior exploration-stage company, Galway Gold does not generate revenue from mining operations; it funds exploration through equity financings and, historically, through option and joint-venture agreements with partners who can earn interests in its projects. The company was formerly known as Montauk Metals Inc. and is listed on Canadian securities exchanges.