Golden Cariboo Resources (XCNQ:GCC) Debt-to-Equity : 0.15 (As of Dec. 2023)

View and export this data going back to 1987. Start your Free Trial

What is Golden Cariboo Resources Debt-to-Equity?

Golden Cariboo Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.03 Mil. Golden Cariboo Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Golden Cariboo Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.23 Mil. Golden Cariboo Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

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

XCNQ:GCC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.15
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Golden Cariboo Resources was 0.15. The lowest was 0.02. And the median was 0.05.

XCNQ:GCC's Debt-to-Equity is ranked worse than
51.95% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:GCC: 0.15

Golden Cariboo Resources Debt-to-Equity Historical Data

The historical data trend for Golden Cariboo 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.

Golden Cariboo Resources Debt-to-Equity Chart

Golden Cariboo Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.03

Golden Cariboo Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	-	-	0.03	0.15

Competitive Comparison of Golden Cariboo Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Golden Cariboo 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.

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

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

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

Golden Cariboo Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Cariboo Resources's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.011	+	0)	/	0.36
	=	0.03

Golden Cariboo Resources'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
	=	(0.034	+	0)	/	0.229
	=	0.15

Golden Cariboo Resources (XCNQ:GCC) 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.

Golden Cariboo Resources Debt-to-Equity Related Terms

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

Golden Cariboo Resources (XCNQ:GCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Cariboo Resources Ltd (XCNQ:GCC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GCCFF:USA

Address

804-750 West Pender Street, Vancouver, BC, CAN, V6C 2T7

Website

http://www.goldencariboo.com

Golden Cariboo Resources Ltd is an exploration stage Junior mining company that is engaged in the identification, acquisition, and exploration of mineral properties. Its project includes Quesnelle Gold Quartz Mine Property.

Executives

Dale Dobson

Senior Officer