GreenFirst Forest Products (TSX:GFP) Debt-to-Equity : 0.14 (As of Dec. 2023)

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What is GreenFirst Forest Products Debt-to-Equity?

GreenFirst Forest Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2.3 Mil. GreenFirst Forest Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$23.3 Mil. GreenFirst Forest Products's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$185.2 Mil. GreenFirst Forest Products's debt to equity for the quarter that ended in Dec. 2023 was 0.14.

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 GreenFirst Forest Products's Debt-to-Equity or its related term are showing as below:

TSX:GFP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.28 Max: 0.52
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of GreenFirst Forest Products was 0.52. The lowest was 0.14. And the median was 0.28.

TSX:GFP's Debt-to-Equity is ranked better than
77.74% of 265 companies
in the Forest Products industry
Industry Median: 0.5 vs TSX:GFP: 0.14

GreenFirst Forest Products Debt-to-Equity Historical Data

The historical data trend for GreenFirst Forest Products'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.

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GreenFirst Forest Products Debt-to-Equity Chart

GreenFirst Forest Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.30

0.52

0.26

0.14

GreenFirst Forest Products 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															0.26	0.17	0.13	0.09	0.14

Competitive Comparison of GreenFirst Forest Products's Debt-to-Equity

For the Lumber & Wood Production subindustry, GreenFirst Forest Products'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.

GreenFirst Forest Products's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, GreenFirst Forest Products's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where GreenFirst Forest Products's Debt-to-Equity falls into.

GreenFirst Forest Products Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GreenFirst Forest Products'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
	=	(2.326	+	23.301)	/	185.238
	=	0.14

GreenFirst Forest Products's Debt to Equity Ratio for the quarter 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
	=	(2.326	+	23.301)	/	185.238
	=	0.14

GreenFirst Forest Products (TSX:GFP) 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.

GreenFirst Forest Products Debt-to-Equity Related Terms

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GreenFirst Forest Products (TSX:GFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » GreenFirst Forest Products Inc (TSX:GFP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ICLTF:USA IMT:Germany

Address

401 The West Mall, Suite 1000, Vancouver, BC, CAN, M9C 5J5

Website

https://www.greenfirst.ca

GreenFirst Forest Products Inc is a forest-first business, focused on sustainable forest management and lumber production. The Company operates through two business segments: forest products and paper products. Through its forest products segment, the Company produces and markets a wide range of forest products for use in residential and commercial construction, including SPF lumber, wood chips, and by-products. The Paper Products segment manufactures and sells paper-grade products used in printing newspapers, promotional materials, food service bags, and other related paper products.

Executives

Michael Clark Mitchell

Director

GreenFirst Forest Products (TSX:GFP) Headlines

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