LGLOF (Green Block Mining) Debt-to-Equity: 2.15 (As of Aug. 2021)

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What is Green Block Mining Debt-to-Equity?

Green Block Mining LGLOF -90.00% Debt-to-Equity is 2.15 as of Aug. 2021.

Green Block Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2021 was $3.15 Mil. Green Block Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2021 was $2.19 Mil. Green Block Mining's Total Stockholders Equity for the quarter that ended in Aug. 2021 was $2.49 Mil. Green Block Mining's debt to equity for the quarter that ended in Aug. 2021 was 2.15.

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 Green Block Mining's Debt-to-Equity or its related term are showing as below:

LGLOF's Debt-to-Equity is not ranked *
in the Software industry.
Industry Median: 0.2
* Ranked among companies with meaningful Debt-to-Equity only.

Green Block Mining  (OTCPK:LGLOF) 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.

Green Block Mining Debt-to-Equity Related Terms

Green Block Mining Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Green Block Mining'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.

Green Block Mining Debt-to-Equity Chart

Green Block Mining Annual Data
Trend Nov18 Nov19 Nov20
Debt-to-Equity
-0.63 -0.59 -1.10

Green Block Mining Quarterly Data
Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21
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 -1.11 -1.10 -1.35 2.84 2.15

LGLOF vs CRM, INTU, NOW: Debt-to-Equity Comparison

For the Software - Application subindustry, Green Block Mining'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.

Green Block Mining Debt-to-Equity vs Software Industry

For the Software industry and Technology sector, Green Block Mining's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Green Block Mining's Debt-to-Equity falls into.


Green Block Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Green Block Mining's Debt to Equity Ratio for the fiscal year that ended in Nov. 2020 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
=(0.779361 + 1.472533) / -2.039477
=-1.10

Green Block Mining's Debt to Equity Ratio for the quarter that ended in Aug. 2021 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
=(3.149464 + 2.188526) / 2.485882
=2.15

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 2.15 mean?
Green Block Mining (LGLOF) has a Debt-to-Equity of 2.15 as of Aug. 2021. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Green Block Mining and its competitors.
Is Green Block Mining's Debt-to-Equity too high?
Green Block Mining's current Debt-to-Equity is 2.15. The Software industry median Debt-to-Equity is 0.20. Green Block Mining's value of 2.15 is 975% above this industry median.
How does Green Block Mining's Debt-to-Equity compare to CRM and INTU?
Green Block Mining's Debt-to-Equity of 2.15 can be compared against companies in the Software industry. The industry median Debt-to-Equity is 0.20. Green Block Mining's value of 2.15 is 975% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Software company?
The median Debt-to-Equity among Software companies is 0.20, based on 2,247 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Green Block Mining's current Debt-to-Equity of 2.15 is 975% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Green Block Mining and its competitors. For the Software industry, the median Debt-to-Equity is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Green Block Mining's current Debt-to-Equity is 2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Block Mining stock overvalued right now?
Green Block Mining (LGLOF) has a current Debt-to-Equity of 2.15. The current Debt-to-Equity is 2.15 and 975% above the Software industry median of 0.20. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Green Block Mining (LGLOF), the current Debt-to-Equity is 2.15 as of Aug. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Green Block Mining Business Description

Address 800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6
Green Block Mining Corp, formerly Link Global Technologies Inc is a innovative power and infrastructure solution provider for digital mining and data hosting operations. LINK maximizes the potential of today's technologies through power solutions. It builds and manages semi-portable, self-contained power solutions that can be rapidly deployed in virtually any environment. With the low-cost, energy-efficient and smart infrastructure company provides digital mining services to third parties.