Rafex Gold (Rafex Gold) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is Rafex Gold Debt-to-Equity?

Rafex Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Rafex Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Rafex Gold's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $0.87 Mil. Rafex Gold's debt to equity for the quarter that ended in Sep. 2023 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 Rafex Gold's Debt-to-Equity or its related term are showing as below:

RAFX's Debt-to-Equity is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Rafex Gold Debt-to-Equity Historical Data

The historical data trend for Rafex Gold'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.

Rafex Gold Debt-to-Equity Chart

Rafex Gold Annual Data

Trend

Debt-to-Equity

Rafex Gold Quarterly Data
	Sep22	Sep23
Debt-to-Equity	N/A	-

Competitive Comparison of Rafex Gold's Debt-to-Equity

For the Shell Companies subindustry, Rafex Gold'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.

Rafex Gold's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Rafex Gold's Debt-to-Equity distribution charts can be found below:

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

Rafex Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rafex Gold's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

Rafex Gold's Debt to Equity Ratio for the quarter that ended in Sep. 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)	/	0.866
	=	0.00

Rafex Gold (OTCPK:RAFX) 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.

Rafex Gold Debt-to-Equity Related Terms

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Rafex Gold (Rafex Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rafex Gold Corp (OTCPK:RAFX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1912 Capitol Avenue, Suite 500, Cheyenne, WY, USA, 82001

Website

https://sakhaenterprises.wordpress.com

Rafex Gold Corp, formerly Sakha Enterprises Corp is a shell company.

Rafex Gold (Rafex Gold) Headlines

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