GXXFF (Gold Basin Resources) Debt-to-Equity : 0.04 (As of Sep. 2024)

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What is Gold Basin Resources Debt-to-Equity?

Gold Basin Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.51 Mil. Gold Basin Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Gold Basin Resources's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $14.28 Mil. Gold Basin Resources's debt to equity for the quarter that ended in Sep. 2024 was 0.04.

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

GXXFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.04
Current: 0.04

During the past 6 years, the highest Debt-to-Equity Ratio of Gold Basin Resources was 0.04. The lowest was 0.00. And the median was 0.00.

GXXFF's Debt-to-Equity is ranked better than
72.4% of 1239 companies
in the Metals & Mining industry
Industry Median: 0.14 vs GXXFF: 0.04

Gold Basin Resources Debt-to-Equity Historical Data

The historical data trend for Gold Basin 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.

Gold Basin Resources Debt-to-Equity Chart

Gold Basin Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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Gold Basin 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															-	-	-	-	0.04

Competitive Comparison of Gold Basin Resources's Debt-to-Equity

For the Gold subindustry, Gold Basin 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.

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

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

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

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Gold Basin Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gold Basin Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 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)	/	14.3
	=	0.00

Gold Basin 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
	=	(0.514	+	0)	/	14.282
	=	0.04

Gold Basin Resources (OTCPK:GXXFF) 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 Basin Resources Debt-to-Equity Related Terms

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Gold Basin Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Basin Resources Corp (OTCPK:GXXFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GXX:Canada

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.goldbasincorp.com

Gold Basin Resources Corp is engaged in the business of mineral exploration and the acquisition of mineral property assets in the Gold Basin project in northern Arizona.

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