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Golden Metal Resources (Golden Metal Resources) Debt-to-Equity : 0.00 (As of Dec. 2023)


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What is Golden Metal Resources Debt-to-Equity?

Golden Metal Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Golden Metal Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Golden Metal Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $8.66 Mil. Golden Metal Resources's debt to equity for the quarter that ended in Dec. 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 Golden Metal Resources's Debt-to-Equity or its related term are showing as below:

GMTLF's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Golden Metal Resources Debt-to-Equity Historical Data

The historical data trend for Golden Metal 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 Metal Resources Debt-to-Equity Chart

Golden Metal Resources Annual Data
Trend Jun22 Jun23
Debt-to-Equity
- -

Golden Metal Resources Semi-Annual Data
Dec21 Dec22 Jun23 Dec23
Debt-to-Equity N/A - - -

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

For the Other Precious Metals & Mining subindustry, Golden Metal 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 Metal Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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


Golden Metal Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Metal Resources'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 + 0) / 9.039
=0.00

Golden Metal 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 + 0) / 8.663
=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.

Golden Metal Resources  (OTCPK:GMTLF) 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 Metal Resources Debt-to-Equity Related Terms

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

Golden Metal Resources (Golden Metal Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Metal Resources PLC (OTCPK:GMTLF) » Definitions » Debt-to-Equity
Comparable Companies
LSE:BOD LSE:FMET LSE:ROCK LSE:COBR LSE:URAH LSE:KDR LSE:UFO LSE:CMRS LSE:GEMD LSE:EEE ISX:AMMN JSE:AMS MIC:ALRS SZSE:000975 LSE:FRES ISX:MBMA JSE:IMP TSX:TFPM HL JSE:NPH
Traded in Other Exchanges
GMET:UK
Address
201 Temple Chambers, 3-7 Temple Avenue, London, GBR, EC4Y 0DT
Website
https://www.goldenmetalresources.com
Golden Metal Resources PLC is a London-based precious and strategic metals exploration company which controls interests in four prospective projects in mining friendly Nevada. The company's primary project portfolio comprise Pilot Mountain Project, Golconda Summit Project, Kibby Basin Project, Garfield Project, and Stonewall Project.