GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gold Hydrogen Ltd (ASX:GHY) » Definitions » Debt-to-Equity

Gold Hydrogen (ASX:GHY) Debt-to-Equity : 0.01 (As of Jun. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Gold Hydrogen Debt-to-Equity?

Gold Hydrogen's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.05 Mil. Gold Hydrogen's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.06 Mil. Gold Hydrogen's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$23.13 Mil. Gold Hydrogen's debt to equity for the quarter that ended in Jun. 2023 was 0.00.

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 Gold Hydrogen's Debt-to-Equity or its related term are showing as below:

ASX:GHY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.01   Max: 0.01
Current: 0.01

During the past 2 years, the highest Debt-to-Equity Ratio of Gold Hydrogen was 0.01. The lowest was 0.01. And the median was 0.01.

ASX:GHY's Debt-to-Equity is ranked better than
99.88% of 836 companies
in the Oil & Gas industry
Industry Median: 0.445 vs ASX:GHY: 0.01

Gold Hydrogen Debt-to-Equity Historical Data

The historical data trend for Gold Hydrogen'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.

Gold Hydrogen Debt-to-Equity Chart

Gold Hydrogen Annual Data
Trend Jun22 Jun23
Debt-to-Equity
- 0.01

Gold Hydrogen Semi-Annual Data
Jun22 Jun23
Debt-to-Equity - 0.01

Competitive Comparison of Gold Hydrogen's Debt-to-Equity

For the Oil & Gas E&P subindustry, Gold Hydrogen'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.

Gold Hydrogen's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gold Hydrogen's Debt-to-Equity distribution charts can be found below:

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


Gold Hydrogen Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gold Hydrogen's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
=(0.051 + 0.057) / 23.128
=0.00

Gold Hydrogen's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(0.051 + 0.057) / 23.128
=0.00

* 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.

Gold Hydrogen  (ASX:GHY) 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.

Gold Hydrogen Debt-to-Equity Related Terms

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

Gold Hydrogen (ASX:GHY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gold Hydrogen Ltd (ASX:GHY) » Definitions » Debt-to-Equity
Comparable Companies
ASX:LKO ASX:JGH ASX:PH2 ASX:CE1 ASX:BRK ASX:EXR ASX:GRV ASX:NGY ASX:ADX ASX:CUE COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
GHYLF:USA
Address
110 Eagle Street, Suite 3, Level 14, Brisbane, QLD, AUS, 4000
Website
https://www.goldhydrogen.com.au
Gold Hydrogen Ltd engages in the exploration of a natural hydrogen prospective resource in Australia. It holds 100% interest in the Ramsay Project, a Gold Hydrogen exploration project in South Australia.