Goldshore Resources (TSXV:GSHR) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Goldshore Resources Debt-to-Equity?

Goldshore Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.07 Mil. Goldshore Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.18 Mil. Goldshore Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$81.79 Mil. Goldshore Resources's debt to equity for the quarter that ended in Mar. 2024 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 Goldshore Resources's Debt-to-Equity or its related term are showing as below:

During the past 4 years, the highest Debt-to-Equity Ratio of Goldshore Resources was 0.01. The lowest was 0.00. And the median was 0.01.

TSXV:GSHR'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.

Goldshore Resources Debt-to-Equity Historical Data

The historical data trend for Goldshore Resources'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.

Goldshore Resources Debt-to-Equity Chart

Goldshore Resources Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.01

Goldshore Resources Quarterly Data
	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.01	-	-	N/A	-

Competitive Comparison of Goldshore Resources's Debt-to-Equity

For the Gold subindustry, Goldshore Resources'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.

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

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

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

Goldshore Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goldshore Resources'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
	=	(0.082	+	0.238)	/	73.824
	=	0.00

Goldshore Resources'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
	=	(0.072	+	0.179)	/	81.794
	=	0.00

Goldshore Resources (TSXV:GSHR) 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.

Goldshore Resources Debt-to-Equity Related Terms

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

Goldshore Resources (TSXV:GSHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldshore Resources Inc (TSXV:GSHR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GSHRF:USA 8X00:Germany

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.goldshoreresources.com

Goldshore Resources Inc is a Canadian company engaged into the business of gold exploration. It's main operating segment is in Canada. The company owns the Moss Lake Gold Project located in Ontario.

Executives

Peter Alan Flindell

Senior Officer

Goldshore Resources (TSXV:GSHR) Headlines

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