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Goldsource Mines (STU:G5MA) Debt-to-Equity : 0.29 (As of Mar. 2024)


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What is Goldsource Mines Debt-to-Equity?

Goldsource Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1.36 Mil. Goldsource Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.00 Mil. Goldsource Mines's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €4.63 Mil. Goldsource Mines's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 Goldsource Mines's Debt-to-Equity or its related term are showing as below:

STU:G5MA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.29
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Goldsource Mines was 0.29. The lowest was 0.00. And the median was 0.01.

STU:G5MA's Debt-to-Equity is ranked worse than
64.41% of 1312 companies
in the Metals & Mining industry
Industry Median: 0.13 vs STU:G5MA: 0.29

Goldsource Mines Debt-to-Equity Historical Data

The historical data trend for Goldsource Mines'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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Goldsource Mines Debt-to-Equity Chart

Goldsource Mines Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.01 0.01 - -

Goldsource Mines Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 0.29

Competitive Comparison of Goldsource Mines's Debt-to-Equity

For the Gold subindustry, Goldsource Mines'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.


Goldsource Mines's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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



Goldsource Mines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goldsource Mines's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Goldsource Mines's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Goldsource Mines  (STU:G5MA) 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.


Goldsource Mines Debt-to-Equity Related Terms

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Goldsource Mines (STU:G5MA) Business Description

Traded in Other Exchanges
Address
570 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 3P1
Goldsource Mines Inc is a Canadian resource company. It is engaged in the business segment of the acquisition, exploration, and evaluation of resource properties. The geographical segments of the group are Canada and Guyana. It has a business interest in Eagle Mountain Gold Project, located on the Eagle Mountain Property, in Guyana, South America.

Goldsource Mines (STU:G5MA) Headlines

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