Golden Harp Resources (TSXV:GHR.H) Debt-to-Equity : -0.20 (As of Mar. 2024)

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What is Golden Harp Resources Debt-to-Equity?

Golden Harp Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.08 Mil. Golden Harp Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Golden Harp Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$-0.41 Mil. Golden Harp Resources's debt to equity for the quarter that ended in Mar. 2024 was -0.20.

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

TSXV:GHR.H' s Debt-to-Equity Range Over the Past 10 Years
Min: -12.44 Med: -0.21 Max: 16.25
Current: -0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Golden Harp Resources was 16.25. The lowest was -12.44. And the median was -0.21.

TSXV:GHR.H's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:GHR.H: -0.20

Golden Harp Resources Debt-to-Equity Historical Data

The historical data trend for Golden Harp 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.

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Golden Harp Resources Debt-to-Equity Chart

Golden Harp Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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-0.08

Golden Harp Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	-0.08	-0.08	-0.21	-0.20

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

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

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

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

Golden Harp Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Harp 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
	=	(0.025	+	0)	/	-0.303
	=	-0.08

Golden Harp Resources'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
	=	(0.082	+	0)	/	-0.405
	=	-0.20

Golden Harp Resources (TSXV:GHR.H) 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 Harp Resources Debt-to-Equity Related Terms

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Golden Harp Resources (TSXV:GHR.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Harp Resources Inc (TSXV:GHR.H) » Definitions » Debt-to-Equity

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GLHRF:USA

Address

777 Hornby Street, Suite 2080, Vancouver, BC, CAN, V6Z 1S4

Website

https://www.goldenharpresources.com

Golden Harp Resources Inc is a Canadian exploration stage company. It is engaged in the acquisition, exploration, and development of Canadian mineral properties. The company focuses on exploring gold and base metals on Copper Hill Property in Northern Ontario. Geographically, it operates within Canada.

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