Goldrush Holdings (JSE:GRSP) Debt-to-Equity : 0.53 (As of Sep. 2024)

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What is Goldrush Holdings Debt-to-Equity?

Goldrush Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was R51.0 Mil. Goldrush Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was R350.4 Mil. Goldrush Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2024 was R752.2 Mil. Goldrush Holdings's debt to equity for the quarter that ended in Sep. 2024 was 0.53.

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

JSE:GRSP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53 Med: 0.53 Max: 0.53
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of Goldrush Holdings was 0.53. The lowest was 0.53. And the median was 0.53.

JSE:GRSP's Debt-to-Equity is ranked worse than
75.13% of 973 companies
in the Asset Management industry
Industry Median: 0.19 vs JSE:GRSP: 0.53

Goldrush Holdings Debt-to-Equity Historical Data

The historical data trend for Goldrush Holdings'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.

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Goldrush Holdings Debt-to-Equity Chart

Goldrush Holdings Annual Data

Trend

Mar15

Mar16

Mar17

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Mar19

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Mar21

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Mar24

Debt-to-Equity

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Goldrush Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	0.53

Competitive Comparison of Goldrush Holdings's Debt-to-Equity

For the Asset Management subindustry, Goldrush Holdings'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.

Goldrush Holdings's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Goldrush Holdings's Debt-to-Equity distribution charts can be found below:

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

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Goldrush Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goldrush Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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)	/	703.263
	=	0.00

Goldrush Holdings'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
	=	(50.968	+	350.443)	/	752.179
	=	0.53

Goldrush Holdings (JSE:GRSP) 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.

Goldrush Holdings Debt-to-Equity Related Terms

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Goldrush Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Goldrush Holdings Ltd (JSE:GRSP) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

50 Bree Street, 1st Floor, The Barracks, Cape Town, WC, ZAF, 8001

Website

https://goldrushholdings.co.za

Goldrush Holdings Ltd formerly RECM and Calibre Ltd is a closed-end investment company making long-term investments. Its investment objective is to make long-term investments for generating high real returns from capital appreciation, and investment income. It operates principally in South Africa. The company's revenue source is from dividends and interests.

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