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Gold Lakes (Gold Lakes) Debt-to-Equity : -0.35 (As of Apr. 2017)


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What is Gold Lakes Debt-to-Equity?

Gold Lakes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2017 was $0.28 Mil. Gold Lakes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2017 was $0.00 Mil. Gold Lakes's Total Stockholders Equity for the quarter that ended in Apr. 2017 was $-0.78 Mil. Gold Lakes's debt to equity for the quarter that ended in Apr. 2017 was -0.35.

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

GLLK'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.

Gold Lakes Debt-to-Equity Historical Data

The historical data trend for Gold Lakes'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 Lakes Debt-to-Equity Chart

Gold Lakes Annual Data
Trend Jul08 Jul09 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only -0.20 -0.53 -0.49 -0.51 -0.11

Gold Lakes Quarterly Data
Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17
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 -0.14 -0.11 -0.16 -0.28 -0.35

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

For the Gold subindustry, Gold Lakes'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 Lakes's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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



Gold Lakes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gold Lakes's Debt to Equity Ratio for the fiscal year that ended in Jul. 2016 is calculated as

Gold Lakes's Debt to Equity Ratio for the quarter that ended in Apr. 2017 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.


Gold Lakes  (GREY:GLLK) 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 Lakes Debt-to-Equity Related Terms

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


Gold Lakes (Gold Lakes) Business Description

Traded in Other Exchanges
N/A
Address
3401 Enterprise Parkway, Suite 340, Beachwood, OH, USA, 42122
Gold Lakes Corp is involved in the business of mining and developing precious metals, mainly Gold. Its projects include The Big Monty property located in the north of Kirkland Lake and east of Timmins in Ontario and The Ponderosa property located in townships of Frecheville, Stoughton, and the Mistaken islands of Ontario, Canada.

Gold Lakes (Gold Lakes) Headlines

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