Gold Entertainment Group (Gold Entertainment Group) Debt-to-Equity : -0.21 (As of Jan. 2018)

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What is Gold Entertainment Group Debt-to-Equity?

Gold Entertainment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2018 was $0.03 Mil. Gold Entertainment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2018 was $0.00 Mil. Gold Entertainment Group's Total Stockholders Equity for the quarter that ended in Jan. 2018 was $-0.13 Mil. Gold Entertainment Group's debt to equity for the quarter that ended in Jan. 2018 was -0.21.

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 Entertainment Group's Debt-to-Equity or its related term are showing as below:

GEGP's Debt-to-Equity is not ranked ^*
in the Medical Distribution industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

Gold Entertainment Group Debt-to-Equity Historical Data

The historical data trend for Gold Entertainment Group'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.

Gold Entertainment Group Debt-to-Equity Chart

Gold Entertainment Group Annual Data

Trend

Jan02

Jan03

Jan04

Jan16

Jan17

Jan18

Debt-to-Equity

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-0.40

-0.20

-0.21

Gold Entertainment Group Quarterly Data
	Oct01	Jan02	Apr02	Jul02	Oct02	Jan03	Apr03	Jul03	Oct03	Jan04	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18
Debt-to-Equity	Get a 7-Day Free Trial														-0.20	-	-	-	-0.21

Competitive Comparison of Gold Entertainment Group's Debt-to-Equity

For the Medical Distribution subindustry, Gold Entertainment Group'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 Entertainment Group's Debt-to-Equity Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Gold Entertainment Group's Debt-to-Equity distribution charts can be found below:

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

Gold Entertainment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gold Entertainment Group's Debt to Equity Ratio for the fiscal year that ended in Jan. 2018 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
	=	(0.026	+	0)	/	-0.125
	=	-0.21

Gold Entertainment Group's Debt to Equity Ratio for the quarter that ended in Jan. 2018 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
	=	(0.026	+	0)	/	-0.125
	=	-0.21

Gold Entertainment Group (OTCPK:GEGP) 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.

Gold Entertainment Group Debt-to-Equity Related Terms

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Gold Entertainment Group (Gold Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Gold Entertainment Group Inc (OTCPK:GEGP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2412 Irwin Street, Melbourne, FL, USA, 32901

Website

https://www.goldentertainment.com

Gold Entertainment Group Inc is engaged in the entertainment business including television shows and distribution.

Gold Entertainment Group (Gold Entertainment Group) Headlines

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