GBGD (Global Gold) Debt-to-Equity: -0.71 (As of Jun. 2017)

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What is Global Gold Debt-to-Equity?

Global Gold GBGD Debt-to-Equity is -0.71 as of Jun. 2017.

Global Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2017 was $9.43 Mil. Global Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2017 was $0.00 Mil. Global Gold's Total Stockholders Equity for the quarter that ended in Jun. 2017 was $-13.26 Mil. Global Gold's debt to equity for the quarter that ended in Jun. 2017 was -0.71.

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 Global Gold's Debt-to-Equity or its related term are showing as below:

GBGD'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.

Global Gold  (OTCPK:GBGD) 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.

Global Gold Debt-to-Equity Related Terms

Global Gold Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Global Gold'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.

Global Gold Debt-to-Equity Chart

Global Gold Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.74 -0.58 -0.77 -0.77 -0.74

Global Gold Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 -0.75 -0.75 -0.74 -0.72 -0.71

Global Gold Debt-to-Equity Competitor Comparison

For the Gold subindustry, Global Gold'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.

Global Gold Debt-to-Equity vs Metals & Mining Industry

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

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


Global Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 2016 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
=(9.252 + 0) / -12.54
=-0.74

Global Gold's Debt to Equity Ratio for the quarter that ended in Jun. 2017 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
=(9.432 + 0) / -13.261
=-0.71

* 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 -0.71 mean?
Global Gold (GBGD) has a Debt-to-Equity of -0.71 as of Jun. 2017. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Global Gold and its competitors.
Is Global Gold's Debt-to-Equity too high?
Global Gold's current Debt-to-Equity is -0.71.
How does Global Gold's Debt-to-Equity compare to competitors?
Global Gold's Debt-to-Equity of -0.71 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 Global Gold 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. Global Gold's current Debt-to-Equity is -0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Gold stock overvalued right now?
Global Gold (GBGD) has a current Debt-to-Equity of -0.71. The current Debt-to-Equity is -0.71. 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 Global Gold (GBGD), the current Debt-to-Equity is -0.71 as of Jun. 2017. 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.

Global Gold Business Description

Address 555 Theodore Fremd Avenue, Suite B-203, Rye, NY, USA, 10580
Global Gold Corp is an exploration-stage company. It operates as an international gold mining, development, and exploration company with mining properties in Armenia, Canada, and Chile. Business activity of the firm is functioning through the production of gold, silver, and other precious metals. The company holds interests in the Toukhmanuk property in the North Central Armenian Belt, the Marjan and an expanded Marjan North property, and other properties.