Graphene Manufacturing Group (TSXV:GMG) Debt-to-Equity : 0.16 (As of Dec. 2023)

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What is Graphene Manufacturing Group Debt-to-Equity?

Graphene Manufacturing Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.38 Mil. Graphene Manufacturing Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.86 Mil. Graphene Manufacturing Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$7.66 Mil. Graphene Manufacturing Group's debt to equity for the quarter that ended in Dec. 2023 was 0.16.

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 Graphene Manufacturing Group's Debt-to-Equity or its related term are showing as below:

TSXV:GMG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.15 Max: 0.42
Current: 0.16

During the past 4 years, the highest Debt-to-Equity Ratio of Graphene Manufacturing Group was 0.42. The lowest was 0.10. And the median was 0.15.

TSXV:GMG's Debt-to-Equity is ranked better than
69.7% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs TSXV:GMG: 0.16

Graphene Manufacturing Group Debt-to-Equity Historical Data

The historical data trend for Graphene Manufacturing Group'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.

Graphene Manufacturing Group Debt-to-Equity Chart

Graphene Manufacturing Group Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.10

0.15

Graphene Manufacturing Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.12	0.15	0.15	0.13	0.16

Competitive Comparison of Graphene Manufacturing Group's Debt-to-Equity

For the Specialty Chemicals subindustry, Graphene Manufacturing Group'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.

Graphene Manufacturing Group's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Graphene Manufacturing Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Graphene Manufacturing Group's Debt-to-Equity falls into.

Graphene Manufacturing Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Graphene Manufacturing Group'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
	=	(0.243	+	0.921)	/	7.753
	=	0.15

Graphene Manufacturing Group'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
	=	(0.38	+	0.858)	/	7.657
	=	0.16

Graphene Manufacturing Group (TSXV:GMG) 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.

Graphene Manufacturing Group Debt-to-Equity Related Terms

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Graphene Manufacturing Group (TSXV:GMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Graphene Manufacturing Group Ltd (TSXV:GMG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GMGMF:USA 0GF:Germany

Address

5/848 Boundary Road, Unit 5, Richlands, QLD, AUS, 4077

Website

https://www.graphenemg.com

Graphene Manufacturing Group Ltd is involved in the production of high-quality graphene used predominantly in paints, coolants, and lubricants targeting to improve energy efficiency and reduce costs, and additionally in next-generation battery technology. It is a clean-technology-focused company that aims to offer energy-saving products and solutions and energy storage products, enabled by Graphene manufactured in-house via a proprietary production process.

Executives

Craig Nicol	Director, Senior Officer
Andrew James Small	Director

Graphene Manufacturing Group (TSXV:GMG) Headlines

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