Golden Ridge Resources (TSXV:GLDN) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Golden Ridge Resources Debt-to-Equity?

Golden Ridge Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Golden Ridge Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Golden Ridge Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$6.04 Mil. Golden Ridge Resources's debt to equity for the quarter that ended in Mar. 2024 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 Ridge Resources's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Golden Ridge Resources was 0.43. The lowest was -0.42. And the median was 0.15.

TSXV:GLDN'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 Ridge Resources Debt-to-Equity Historical Data

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

Golden Ridge Resources Annual Data

Trend

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Debt-to-Equity

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Golden Ridge 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															-	-	-	-	-

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

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

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

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

Golden Ridge Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Ridge 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)	/	6.182
	=	0.00

Golden Ridge 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	+	0)	/	6.044
	=	0.00

Golden Ridge Resources (TSXV:GLDN) 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 Ridge Resources Debt-to-Equity Related Terms

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

Golden Ridge Resources (TSXV:GLDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Ridge Resources Ltd (TSXV:GLDN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GORIF:USA 44GG:Germany

Address

335 - 1632 Dickson Avenue, Landmark 3, Kelowna, BC, CAN, V1Y 7T2

Website

https://www.goldenridgeresources.com

Golden Ridge Resources Ltd is an exploration-stage company. It is engaged in the identification, evaluation, and acquisition of mineral properties. Its current properties include mineral properties located in British Columbia and the Yukon. Its projects are Hank Property, Newfoundland, Royalle Au-Ag Project, and North Canol. It has one reportable operating segment, being that of acquisition and exploration and evaluation activities in Canada.

Executives

Michael Adam Blady

Director

Golden Ridge Resources (TSXV:GLDN) Headlines

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