Geomega Resources (TSXV:GMA) Debt-to-Equity : 0.54 (As of Feb. 2024)

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What is Geomega Resources Debt-to-Equity?

Geomega Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.01 Mil. Geomega Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$2.22 Mil. Geomega Resources's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$4.14 Mil. Geomega Resources's debt to equity for the quarter that ended in Feb. 2024 was 0.54.

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 Geomega Resources's Debt-to-Equity or its related term are showing as below:

TSXV:GMA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.13 Max: 0.56
Current: 0.54

During the past 13 years, the highest Debt-to-Equity Ratio of Geomega Resources was 0.56. The lowest was 0.00. And the median was 0.13.

TSXV:GMA's Debt-to-Equity is ranked worse than
76.41% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:GMA: 0.54

Geomega Resources Debt-to-Equity Historical Data

The historical data trend for Geomega Resources'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.

Geomega Resources Debt-to-Equity Chart

Geomega Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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0.08

0.43

0.17

0.12

0.46

Geomega Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.12	0.46	0.54	0.56	0.54

Competitive Comparison of Geomega Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Geomega Resources'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.

Geomega Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Geomega Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Geomega Resources's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(0.151	+	2.29)	/	5.278
	=	0.46

Geomega Resources's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(0.014	+	2.223)	/	4.143
	=	0.54

Geomega Resources (TSXV:GMA) 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.

Geomega Resources Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Geomega Resources's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Geomega Resources (TSXV:GMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geomega Resources Inc (TSXV:GMA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GOMRF:USA

Address

75 Boulevard de Mortagne, Boucherville, QC, CAN, J4B 6Y4

Website

https://www.ressourcesgeomega.ca

Geomega Resources Inc is engaged in the acquisition, exploration, and evaluation of mining properties in Canada. It primarily explores for rare earth elements and niobium deposits. It holds an interest in Montviel property on the discovery and development of deposits of metals in Quebec. The Montviel property is located approximately 100 kilometers north of Lebel-sur-Quevillon and Buckingham property.

Executives

Mathieu Bourdeau

Senior Officer