Gabo Mining (TSXV:GAB) Debt-to-Equity : -1.11 (As of Dec. 2023)

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What is Gabo Mining Debt-to-Equity?

Gabo Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2.13 Mil. Gabo Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Gabo Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-1.92 Mil. Gabo Mining's debt to equity for the quarter that ended in Dec. 2023 was -1.11.

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 Gabo Mining's Debt-to-Equity or its related term are showing as below:

TSXV:GAB' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.22 Med: -0.14 Max: 2.64
Current: -1.11

During the past 13 years, the highest Debt-to-Equity Ratio of Gabo Mining was 2.64. The lowest was -4.22. And the median was -0.14.

TSXV:GAB's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:GAB: -1.11

Gabo Mining Debt-to-Equity Historical Data

The historical data trend for Gabo Mining'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.

Gabo Mining Debt-to-Equity Chart

Gabo Mining Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-1.60

-0.12

-4.22

Gabo Mining 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															2.64	-4.22	-1.47	-1.07	-1.11

Competitive Comparison of Gabo Mining's Debt-to-Equity

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

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

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

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

Gabo Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gabo Mining's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1.528	+	0)	/	-0.362
	=	-4.22

Gabo Mining'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
	=	(2.13	+	0)	/	-1.915
	=	-1.11

Gabo Mining (TSXV:GAB) 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.

Gabo Mining Debt-to-Equity Related Terms

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Gabo Mining (TSXV:GAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gabo Mining Ltd (TSXV:GAB) » Definitions » Debt-to-Equity

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MLLOF:USA MRDN:Germany

Address

325 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 1Z7

Website

https://www.medallionresources.com

Medallion Resources Ltd is a Canada-based company, which is involved in the acquisition and evaluation of mineral resource projects. It focuses on a rare-earth business strategy involving the mineral monazite, which is available as a by-product mineral from heavy-mineral-sands mining operations.