Graycliff Exploration (XCNQ:GRAY) Debt-to-Equity : -0.70 (As of Mar. 2024)

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What is Graycliff Exploration Debt-to-Equity?

Graycliff Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.02 Mil. Graycliff Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.05 Mil. Graycliff Exploration's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$-0.10 Mil. Graycliff Exploration's debt to equity for the quarter that ended in Mar. 2024 was -0.69.

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 Graycliff Exploration's Debt-to-Equity or its related term are showing as below:

XCNQ:GRAY' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.04 Med: 0.17 Max: 2.45
Current: -0.7

During the past 5 years, the highest Debt-to-Equity Ratio of Graycliff Exploration was 2.45. The lowest was -1.04. And the median was 0.17.

XCNQ:GRAY's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs XCNQ:GRAY: -0.70

Graycliff Exploration Debt-to-Equity Historical Data

The historical data trend for Graycliff Exploration'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.

Graycliff Exploration Debt-to-Equity Chart

Graycliff Exploration Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.89

0.17

-0.46

Graycliff Exploration 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															0.29	2.45	-1.04	-0.46	-0.70

Competitive Comparison of Graycliff Exploration's Debt-to-Equity

For the Gold subindustry, Graycliff Exploration'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.

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

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

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

Graycliff Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Graycliff Exploration's Debt to Equity Ratio for the fiscal year 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
	=	(0.016	+	0.054)	/	-0.153
	=	-0.46

Graycliff Exploration'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
	=	(0.016	+	0.05)	/	-0.095
	=	-0.69

Graycliff Exploration (XCNQ:GRAY) 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.

Graycliff Exploration Debt-to-Equity Related Terms

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Graycliff Exploration (XCNQ:GRAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Graycliff Exploration Ltd (XCNQ:GRAY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GRYCF:USA GE00:Germany

Address

401 Bay Street, Suite 2702, Toronto, ON, CAN, M5H 2Y4

Website

https://www.graycliffexploration.com

Graycliff Exploration Ltd is engaged in the acquisition, exploration, development and extraction of natural resources, specifically precious metals. Its property includes the Shakespeare property which is located on the prolific Canadian Shield near Sudbury, Ontario and Baldwin Project. The current exploration programs include drilling for high-grade gold near surface and across an identified gold bearing horizon.

Graycliff Exploration (XCNQ:GRAY) Headlines

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