Go Metals (XCNQ:GOCO) Debt-to-Equity : 0.01 (As of Jan. 2024)

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What is Go Metals Debt-to-Equity?

Go Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.01 Mil. Go Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Go Metals's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$0.74 Mil. Go Metals's debt to equity for the quarter that ended in Jan. 2024 was 0.01.

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 Go Metals's Debt-to-Equity or its related term are showing as below:

XCNQ:GOCO' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.03 Med: 0.03 Max: 2.02
Current: 0.01

During the past 8 years, the highest Debt-to-Equity Ratio of Go Metals was 2.02. The lowest was -5.03. And the median was 0.03.

XCNQ:GOCO's Debt-to-Equity is ranked better than
99.92% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:GOCO: 0.01

Go Metals Debt-to-Equity Historical Data

The historical data trend for Go Metals'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.

Go Metals Debt-to-Equity Chart

Go Metals Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.05

0.35

0.13

0.02

0.01

Go Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Go Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Go Metals'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.

Go Metals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Go Metals's Debt-to-Equity falls into.

Go Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Go Metals's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.016	+	0.001)	/	1.581
	=	0.01

Go Metals's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(0.01	+	0)	/	0.741
	=	0.01

Go Metals (XCNQ:GOCO) 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.

Go Metals Debt-to-Equity Related Terms

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

Go Metals (XCNQ:GOCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Go Metals Corp (XCNQ:GOCO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GOCOF:USA 47GA:Germany

Address

1111 Melville Street, 11th Floor, Vancouver, BC, CAN, V6E 3V6

Website

https://www.gometals.ca

Go Metals Corp is an exploration company engaged in the development of mineral resource properties in Canada. Its properties include Monster in Yukon and HSP in Quebec, Nickel Palladium, and Ashuanipi project.

Executives

Scott Sheldon

Director, Senior Officer