Goldflare Exploration (TSXV:GOFL) Debt-to-Equity : 0.04 (As of Nov. 2023)

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What is Goldflare Exploration Debt-to-Equity?

Goldflare Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.01 Mil. Goldflare Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.14 Mil. Goldflare Exploration's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$3.61 Mil. Goldflare Exploration's debt to equity for the quarter that ended in Nov. 2023 was 0.04.

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 Goldflare Exploration's Debt-to-Equity or its related term are showing as below:

TSXV:GOFL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.09
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Goldflare Exploration was 0.09. The lowest was 0.03. And the median was 0.05.

TSXV:GOFL's Debt-to-Equity is ranked better than
70.4% of 1314 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:GOFL: 0.04

Goldflare Exploration Debt-to-Equity Historical Data

The historical data trend for Goldflare Exploration'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.

Goldflare Exploration Debt-to-Equity Chart

Goldflare Exploration Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.09

0.05

0.04

0.05

Goldflare Exploration Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.05	0.05	0.05	0.04

Competitive Comparison of Goldflare Exploration's Debt-to-Equity

For the Gold subindustry, Goldflare Exploration'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.

Goldflare Exploration's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Goldflare Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goldflare Exploration's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(0.023	+	0.144)	/	3.308
	=	0.05

Goldflare Exploration's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.013	+	0.144)	/	3.611
	=	0.04

Goldflare Exploration (TSXV:GOFL) 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.

Goldflare Exploration Debt-to-Equity Related Terms

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

Goldflare Exploration (TSXV:GOFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldflare Exploration Inc (TSXV:GOFL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

458, des Laurentides Boulevard, Piedmont, QC, CAN, J0R 1K0

Website

https://www.goldflare.ca

Goldflare Exploration Inc is a mineral exploration company that owns a diversified portfolio of properties. The company is the sole owner of the Aiguebelle-Goldfields, Ranger, Windfall, and Syenite Condor Properties; and it holds 50% of the Destorbelle Property. All of its properties are located in Quebec.

Goldflare Exploration (TSXV:GOFL) Headlines

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