Gold and GemStone Mining (Gold and GemStone Mining) Debt-to-Equity : -0.37 (As of Oct. 2014)

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What is Gold and GemStone Mining Debt-to-Equity?

Gold and GemStone Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2014 was $0.11 Mil. Gold and GemStone Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2014 was $0.02 Mil. Gold and GemStone Mining's Total Stockholders Equity for the quarter that ended in Oct. 2014 was $-0.36 Mil. Gold and GemStone Mining's debt to equity for the quarter that ended in Oct. 2014 was -0.37.

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 and GemStone Mining's Debt-to-Equity or its related term are showing as below:

GGSM's Debt-to-Equity is not ranked ^*
in the Transportation industry.
Industry Median: 0.57
* Ranked among companies with meaningful Debt-to-Equity only.

Gold and GemStone Mining Debt-to-Equity Historical Data

The historical data trend for Gold and GemStone Mining'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 and GemStone Mining Debt-to-Equity Chart

Gold and GemStone Mining Annual Data

Trend

Jan10

Jan11

Jan12

Debt-to-Equity

N/A

-0.59

Gold and GemStone Mining Quarterly Data
	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Apr14	Jul14	Oct14
Debt-to-Equity	Get a 7-Day Free Trial														-0.28	-0.56	-0.37	99.00	-0.37

Competitive Comparison of Gold and GemStone Mining's Debt-to-Equity

For the Marine Shipping subindustry, Gold and GemStone Mining'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 and GemStone Mining's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Gold and GemStone Mining's Debt-to-Equity distribution charts can be found below:

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

Gold and GemStone Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gold and GemStone Mining's Debt to Equity Ratio for the fiscal year that ended in Jan. 2012 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
	=	(0.01	+	0)	/	-0.017
	=	-0.59

Gold and GemStone Mining's Debt to Equity Ratio for the quarter that ended in Oct. 2014 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
	=	(0.11	+	0.023)	/	-0.356
	=	-0.37

Gold and GemStone Mining (OTCPK:GGSM) 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 and GemStone Mining Debt-to-Equity Related Terms

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Gold and GemStone Mining (Gold and GemStone Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gold and GemStone Mining Inc (OTCPK:GGSM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jln. Jend. S. Parman Kav. 22-24, Grand Slipi Tower, Jakarta, IDN, 11480

Website

https://www.ggsmglobal.com

Gold and GemStone Mining Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of gold and other silver properties. The company's mining claims include British Columbia Canada, Sinaloa, Mexico for gold and rare earth elements. Its project includes Chihuahua and Gringo Viejo project in Mexico. The company is also engaged in the charter boat business in the Mentawai Islands and Beyond.