Getty Copper (TSXV:GTC) Debt-to-Equity : 0.85 (As of Dec. 2023)

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What is Getty Copper Debt-to-Equity?

Getty Copper's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.46 Mil. Getty Copper's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.36 Mil. Getty Copper's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$3.31 Mil. Getty Copper's debt to equity for the quarter that ended in Dec. 2023 was 0.85.

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 Getty Copper's Debt-to-Equity or its related term are showing as below:

TSXV:GTC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.46 Max: 0.85
Current: 0.85

During the past 13 years, the highest Debt-to-Equity Ratio of Getty Copper was 0.85. The lowest was 0.02. And the median was 0.46.

TSXV:GTC's Debt-to-Equity is ranked worse than
84.46% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:GTC: 0.85

Getty Copper Debt-to-Equity Historical Data

The historical data trend for Getty Copper'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.

Getty Copper Debt-to-Equity Chart

Getty Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.53

0.59

0.55

0.71

0.85

Getty Copper 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															0.71	0.76	0.82	0.88	0.85

Competitive Comparison of Getty Copper's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Getty Copper'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.

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

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

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

Getty Copper Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Getty Copper'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
	=	(1.456	+	1.361)	/	3.306
	=	0.85

Getty Copper'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
	=	(1.456	+	1.361)	/	3.306
	=	0.85

Getty Copper (TSXV:GTC) 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.

Getty Copper Debt-to-Equity Related Terms

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Getty Copper (TSXV:GTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Getty Copper Inc (TSXV:GTC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GTCDF:USA

Address

1000 Austin Avenue, Coquitlam, BC, CAN, V3K 3P1

Website

https://www.gettycopper.com

Getty Copper Inc is a Canada-based exploration-stage company. It is engaged in the business of mineral exploration and mine development in the Highland Valley area of British Columbia. The company's properties include the Getty mineral claims, which are located within the Kamloops Mining District of Highland Valley.

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