G Mining Ventures (TSX:GMIN) Debt-to-Equity : 0.12 (As of Dec. 2023)

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What is G Mining Ventures Debt-to-Equity?

G Mining Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$10.18 Mil. G Mining Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$33.63 Mil. G Mining Ventures's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$352.89 Mil. G Mining Ventures's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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

TSX:GMIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.12 Max: 0.12
Current: 0.12

During the past 5 years, the highest Debt-to-Equity Ratio of G Mining Ventures was 0.12. The lowest was 0.12. And the median was 0.12.

TSX:GMIN's Debt-to-Equity is ranked better than
50.8% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:GMIN: 0.12

G Mining Ventures Debt-to-Equity Historical Data

The historical data trend for G Mining Ventures'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.

G Mining Ventures Debt-to-Equity Chart

G Mining Ventures Annual Data

Trend

Oct18

Oct19

Oct20

Dec22

Dec23

Debt-to-Equity

0.12

G Mining Ventures Quarterly Data
	Jul18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	0.06	0.08	0.08	0.12

Competitive Comparison of G Mining Ventures's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, G Mining Ventures'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.

G Mining Ventures's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

G Mining Ventures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

G Mining Ventures'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
	=	(10.181	+	33.633)	/	352.892
	=	0.12

G Mining Ventures's Debt to Equity Ratio for the quarter 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
	=	(10.181	+	33.633)	/	352.892
	=	0.12

G Mining Ventures (TSX:GMIN) 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.

G Mining Ventures Debt-to-Equity Related Terms

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G Mining Ventures (TSX:GMIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » G Mining Ventures Corp (TSX:GMIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GMINF:USA 0WQ0:Germany

Address

7900 Boul. Taschereau, Building D, Suite 210, Brossard, QC, CAN, J4X 1C2

Website

https://www.gminingventures.com

G Mining Ventures Corp is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects. Its flagship asset, the permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pit gold deposit containing around 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth and the underexplored 688km2 land package presents an additional exploration potential. It has one operating segment, the exploration and development of mineral properties.

G Mining Ventures (TSX:GMIN) Headlines

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