Great Atlantic Resources (TSXV:GR) Debt-to-Equity : -0.37 (As of Nov. 2023)

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What is Great Atlantic Resources Debt-to-Equity?

Great Atlantic Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.28 Mil. Great Atlantic Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.26 Mil. Great Atlantic Resources's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$-1.46 Mil. Great Atlantic Resources's debt to equity for the quarter that ended in Nov. 2023 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 Great Atlantic Resources's Debt-to-Equity or its related term are showing as below:

TSXV:GR' s Debt-to-Equity Range Over the Past 10 Years
Min: -12 Med: -0.09 Max: 0.63
Current: -0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Great Atlantic Resources was 0.63. The lowest was -12.00. And the median was -0.09.

TSXV:GR's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:GR: -0.37

Great Atlantic Resources Debt-to-Equity Historical Data

The historical data trend for Great Atlantic 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.

Great Atlantic Resources Debt-to-Equity Chart

Great Atlantic Resources Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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-1.34

0.09

0.02

0.63

Great Atlantic Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.63	-12.00	-0.59	-0.37

Competitive Comparison of Great Atlantic Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Great Atlantic 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.

Great Atlantic Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Great Atlantic Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Great Atlantic Resources's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(0.09	+	0.318)	/	0.652
	=	0.63

Great Atlantic Resources's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.277	+	0.26)	/	-1.458
	=	-0.37

Great Atlantic Resources (TSXV:GR) 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.

Great Atlantic Resources Debt-to-Equity Related Terms

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Great Atlantic Resources (TSXV:GR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Atlantic Resources Corp (TSXV:GR) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

PH02:Germany

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.greatatlanticresources.com

Great Atlantic Resources Corp is engaged in the acquisition, exploration, and evaluation of its mineral property interests located in Atlantic Canada. Principally, the company explores for gold, zinc, tungsten, and antimony. It is focused on the development of various project properties including Golden Promise gold, Pilley's Island, and South Quarry properties located in Newfoundland. The company's New Brunswick project properties comprise kagoot brook, keymet, Macdougall road, and Porcupine.

Executives

Christopher Ross Anderson

10% Security Holder, Director

Great Atlantic Resources (TSXV:GR) Headlines

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