GSPRF (Golden Spike Resources) Debt-to-Equity : 0.00 (As of May. 2024)

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What is Golden Spike Resources Debt-to-Equity?

Golden Spike Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was $0.00 Mil. Golden Spike Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was $0.00 Mil. Golden Spike Resources's Total Stockholders Equity for the quarter that ended in May. 2024 was $3.14 Mil. Golden Spike Resources's debt to equity for the quarter that ended in May. 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 Golden Spike Resources's Debt-to-Equity or its related term are showing as below:

GSPRF'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.

Golden Spike Resources Debt-to-Equity Historical Data

The historical data trend for Golden Spike 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.

Golden Spike Resources Debt-to-Equity Chart

Golden Spike Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

Golden Spike Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Debt-to-Equity	Get a 7-Day Free Trial										N/A	-	-	-	-

Competitive Comparison of Golden Spike Resources's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Golden Spike 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.

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

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

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

Golden Spike Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Spike Resources's Debt to Equity Ratio for the fiscal year that ended in Aug. 2023 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)	/	3.147
	=	0.00

Golden Spike Resources's Debt to Equity Ratio for the quarter that ended in May. 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)	/	3.135
	=	0.00

Golden Spike Resources (OTCPK:GSPRF) 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.

Golden Spike Resources Debt-to-Equity Related Terms

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Golden Spike Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Spike Resources Corp (OTCPK:GSPRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GLDS:Canada

Address

830 - 1100 Melville Street, Vancouver, BC, CAN, V6E 4A6

Website

https://www.goldenspikeresources.com

Golden Spike Resources Corp is a mineral exploration company and its principal business is the acquisition and exploration of mineral properties with a focus on Canada. The company's property is the Camping Lake Project, consisting of five contiguous mineral claims covering an area of approximately 2,132.4 Ha northwest of Ear Falls in the Province of Ontario.