Grid Metals (TSXV:GRDM) Debt-to-Equity : 1.25 (As of Mar. 2024)

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What is Grid Metals Debt-to-Equity?

Grid Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.23 Mil. Grid Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$2.46 Mil. Grid Metals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$2.94 Mil. Grid Metals's debt to equity for the quarter that ended in Mar. 2024 was 1.25.

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 Grid Metals's Debt-to-Equity or its related term are showing as below:

TSXV:GRDM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 1.25
Current: 1.25

During the past 13 years, the highest Debt-to-Equity Ratio of Grid Metals was 1.25. The lowest was 0.00. And the median was 0.01.

TSXV:GRDM's Debt-to-Equity is ranked worse than
89.72% of 1313 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:GRDM: 1.25

Grid Metals Debt-to-Equity Historical Data

The historical data trend for Grid Metals'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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Grid Metals Debt-to-Equity Chart

Grid Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.03

0.04

0.01

0.60

Grid Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.02	0.60	1.25

Competitive Comparison of Grid Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Grid Metals'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.

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

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

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

Grid Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grid Metals'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
	=	(1.199	+	2.454)	/	6.098
	=	0.60

Grid Metals's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(1.225	+	2.458)	/	2.937
	=	1.25

Grid Metals (TSXV:GRDM) 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.

Grid Metals Debt-to-Equity Related Terms

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

Grid Metals (TSXV:GRDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grid Metals Corp (TSXV:GRDM) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

MSMGF:USA

Address

3335 Yonge Street, Suite 304, Toronto, ON, CAN, M5N 2M1

Website

https://www.gridmetalscorp.com

Grid Metals Corp is an exploration and development company currently focused on exploration and resource growth at its properties in Manitoba and Ontario. The company has a diversified portfolio of properties where it is actively exploring for Nickel-Copper-PGM-Cobalt, palladium, and lithium. The Makwa Mayville Project 145 km from Winnipeg MB has a significant NI 43-101 compliant resource of nickel-copper and platinum group metals and a highly prospective lithium property.

Executives

Patrick Joseph Christopher Murphy

Director

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