Canterbury Resources (ASX:CBY) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Canterbury Resources Debt-to-Equity?

Canterbury Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Canterbury Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Canterbury Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$11.51 Mil. Canterbury Resources's debt to equity for the quarter that ended in Dec. 2023 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 Canterbury Resources's Debt-to-Equity or its related term are showing as below:

During the past 6 years, the highest Debt-to-Equity Ratio of Canterbury Resources was 0.01. The lowest was 0.00. And the median was 0.00.

ASX:CBY'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.

Canterbury Resources Debt-to-Equity Historical Data

The historical data trend for Canterbury 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.

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Canterbury Resources Debt-to-Equity Chart

Canterbury Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

Canterbury Resources Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					-	-	-	-	-

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

For the Other Precious Metals & Mining subindustry, Canterbury 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.

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

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

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

Canterbury Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canterbury Resources's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.014	+	0)	/	11.316
	=	0.00

Canterbury Resources'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
	=	(0.004	+	0)	/	11.511
	=	0.00

Canterbury Resources (ASX:CBY) 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.

Canterbury Resources Debt-to-Equity Related Terms

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

Canterbury Resources (ASX:CBY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canterbury Resources Ltd (ASX:CBY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Miller Street, Suite 301, Pyrmont, Sydney, NSW, AUS, 2009

Website

https://www.canterburyresources.com.au

Canterbury Resources Ltd is an Australia-based mineral exploration and development company. It focuses on porphyry copper-gold and epithermal gold-silver deposits in the southwest Pacific region, in particular in Australia and Papua New Guinea (PNG). Its project holdings include Ekuti Range Project, Wamum Project, and Bismarck Project in PNG; Briggs Project, Fig Tree Hill and Mannersley Project in Australia. Geographically, it operates in Papua New Guinea and Australia.

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