GOTRF (Goliath Resources) Debt-to-Equity : 0.00 (As of Sep. 2024)

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What is Goliath Resources Debt-to-Equity?

Goliath Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Goliath Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Goliath Resources's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $4.76 Mil. Goliath Resources's debt to equity for the quarter that ended in Sep. 2024 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of Goliath Resources was -0.07. The lowest was -0.18. And the median was -0.14.

GOTRF'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.

Goliath Resources Debt-to-Equity Historical Data

The historical data trend for Goliath Resources'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.

Goliath Resources Debt-to-Equity Chart

Goliath Resources Annual Data

Trend

Dec14

Dec15

Dec16

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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Goliath Resources 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															-	-	-	-	-

Competitive Comparison of Goliath Resources's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Goliath Resources'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.

Goliath Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Goliath Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goliath Resources's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	0)	/	2.484
	=	0.00

Goliath Resources'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	+	0)	/	4.763
	=	0.00

Goliath Resources (OTCPK:GOTRF) 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.

Goliath Resources Debt-to-Equity Related Terms

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Goliath Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goliath Resources Ltd (OTCPK:GOTRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

B4IF:Germany B4IF:Germany GOT:Canada

Address

82 Richmond Street, Toronto, ON, CAN, M5C 1P1

Website

https://www.goliathresourcesltd.com

Goliath Resources Ltd is a precious metals project generator focused in the prolific Abitibi Greenstone Belt, Quebec and Golden Triangle area of northwestern British Columbia. The company operates through various projects comprising Lucky Strike, Copperhead, Bingo, Golddigger, B-ALL Syndicate, Nelligan Project and DSM Projects. It operates in a single reportable operating segment, being the acquisition, exploration and evaluation of exploration and evaluation assets in Canada.