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GGLDF (Getchell Gold) Debt-to-Equity : -1.51 (As of Sep. 2024)


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What is Getchell Gold Debt-to-Equity?

Getchell Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Getchell Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.64 Mil. Getchell Gold's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-1.75 Mil. Getchell Gold's debt to equity for the quarter that ended in Sep. 2024 was -1.51.

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

GGLDF' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.31   Med: -0.29   Max: -0.2
Current: -1.51

During the past 13 years, the highest Debt-to-Equity Ratio of Getchell Gold was -0.20. The lowest was -2.31. And the median was -0.29.

GGLDF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs GGLDF: -1.51

Getchell Gold Debt-to-Equity Historical Data

The historical data trend for Getchell 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.

* Premium members only.

Getchell Gold Debt-to-Equity Chart

Getchell Gold Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -2.31

Getchell Gold 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 - -1.59 -2.31 -2.08 -1.51

Competitive Comparison of Getchell Gold's Debt-to-Equity

For the Gold subindustry, Getchell 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.


Getchell Gold's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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



Getchell Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Getchell Gold's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Getchell Gold's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Getchell Gold  (OTCPK:GGLDF) 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.


Getchell Gold Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Getchell Gold's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Getchell Gold Business Description

Traded in Other Exchanges
Address
625 Howe Street, Suite 488, Vancouver, BC, CAN, V6C 2T6
Getchell Gold Corp is a resource company committed to responsible exploration focused on gold and copper in Nevada. The company's projects are Fondaway canyon, Star, Dixie comstock, and Hot springs peak projects. Getchell Gold is directing its efforts on Fondaway Canyon, a past gold producer with an in-the-ground historic resources, and on the Star project, a past high-grade copper, gold, and silver small-scale producer. Along with Dixie Comstock, a past gold producer with a historic resource and one earlier stage exploration project, Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.