Greenridge Exploration (XCNQ:GXP) Debt-to-Equity : 0.00 (As of Aug. 2023)

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What is Greenridge Exploration Debt-to-Equity?

Greenridge Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was C$0.00 Mil. Greenridge Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was C$0.00 Mil. Greenridge Exploration's Total Stockholders Equity for the quarter that ended in Aug. 2023 was C$0.66 Mil. Greenridge Exploration's debt to equity for the quarter that ended in Aug. 2023 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 Greenridge Exploration's Debt-to-Equity or its related term are showing as below:

XCNQ:GXP'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.

Greenridge Exploration Debt-to-Equity Historical Data

The historical data trend for Greenridge 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.

Greenridge Exploration Debt-to-Equity Chart

Greenridge Exploration Annual Data

Trend

Aug23

Debt-to-Equity

Greenridge Exploration Semi-Annual Data
	Aug23
Debt-to-Equity	-

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

For the Other Industrial Metals & Mining subindustry, Greenridge 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.

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

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

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

Greenridge Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greenridge Exploration's Debt to Equity Ratio for the fiscal year that ended in Aug. 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)	/	0.66
	=	0.00

Greenridge Exploration's Debt to Equity Ratio for the quarter that ended in Aug. 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)	/	0.66
	=	0.00

Greenridge Exploration (XCNQ:GXP) 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.

Greenridge Exploration Debt-to-Equity Related Terms

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

Greenridge Exploration (XCNQ:GXP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greenridge Exploration Inc (XCNQ:GXP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HW3:Germany

Address

905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6

Website

Greenridge Exploration Inc is engaged in mineral exploration in Canada and its objective is to locate and, if warranted, develop economic mineral properties. It holds interest in Weyman Property which comprises 7 map-staked mineral claims covering nearly 2,803.89 hectares in the Kamloops and Nicola Mining Divisions and in the Thompson Nicola Regional District on the Thompson Plateau of Southern British Columbia.

Greenridge Exploration (XCNQ:GXP) Headlines

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