GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Guskin Gold Corp (OTCPK:GKIN) » Definitions » Debt-to-Equity

Guskin Gold (Guskin Gold) Debt-to-Equity : -0.44 (As of Dec. 2023)


View and export this data going back to 2011. Start your Free Trial

What is Guskin Gold Debt-to-Equity?

Guskin Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.05 Mil. Guskin Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Guskin Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-2.39 Mil. Guskin Gold's debt to equity for the quarter that ended in Dec. 2023 was -0.44.

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 Guskin Gold's Debt-to-Equity or its related term are showing as below:

GKIN' s Debt-to-Equity Range Over the Past 10 Years
Min: -2   Med: -0.38   Max: 1
Current: -0.44

During the past 13 years, the highest Debt-to-Equity Ratio of Guskin Gold was 1.00. The lowest was -2.00. And the median was -0.38.

GKIN's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs GKIN: -0.44

Guskin Gold Debt-to-Equity Historical Data

The historical data trend for Guskin Gold'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.

Guskin Gold Debt-to-Equity Chart

Guskin Gold Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.23 -0.04 -0.02 -0.15 -0.36

Guskin Gold Quarterly Data
Mar19 Jun19 Sep19 Dec19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.17 -0.22 -0.36 -0.36 -0.44

Competitive Comparison of Guskin Gold's Debt-to-Equity

For the Gold subindustry, Guskin Gold'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.


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

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

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



Guskin Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guskin Gold's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Guskin Gold's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Guskin Gold  (OTCPK:GKIN) 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.


Guskin Gold Debt-to-Equity Related Terms

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


Guskin Gold (Guskin Gold) Business Description

Traded in Other Exchanges
N/A
Address
4500 Great America Parkway, Suite 100, PMB 38, Santa Clara, CA, USA, 95054
Guskin Gold Corp is an early-stage development company focusing on the acquisition and exploration of gold properties and the development of gold mining operations in the Republic of Ghana. It holds an interest in the Kukuom Gold project and The TEPA Gold Mine.
Executives
Scott J Silverman director, 10 percent owner, officer: CEO, CFO, Pres, Sec. & Treas 1825 PONCE DE LEON BLVD., SUITE 411, CORAL GABLES FL 33134
Trig Special Purpose I, Llc 10 percent owner 590 MADISON AVENUE, SUITE 2127, NEW YORK NY 10022