CGN Resources (ASX:CGR) Debt-to-Equity : 0.00 (As of Jun. 2023)

View and export this data going back to 2023. Start your Free Trial

What is CGN Resources Debt-to-Equity?

CGN Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. CGN Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. CGN Resources's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$9.98 Mil. CGN Resources's debt to equity for the quarter that ended in Jun. 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 CGN Resources's Debt-to-Equity or its related term are showing as below:

ASX:CGR'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.

CGN Resources Debt-to-Equity Historical Data

The historical data trend for CGN 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.

CGN Resources Debt-to-Equity Chart

CGN Resources Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

CGN Resources Semi-Annual Data
	Jun21	Jun22	Jun23
Debt-to-Equity	-	-	-

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

For the Other Industrial Metals & Mining subindustry, CGN 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.

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

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

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

CGN Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CGN 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	+	0)	/	9.975
	=	0.00

CGN Resources's Debt to Equity Ratio for the quarter 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	+	0)	/	9.975
	=	0.00

CGN Resources (ASX:CGR) 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.

CGN Resources Debt-to-Equity Related Terms

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

CGN Resources (ASX:CGR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Richardson Street, Suite 4, Perth, WA, AUS, 6005

Website

https://www.cgnresources.com.au

CGN Resources Ltd is an exploration-focused mining company targeting copper, nickel, and specialty metals in Western Australia's West Arunta Region. The Company's main objective is to provide a return to Shareholders through the successful exploration, discovery and development of high value base and precious metal resources.

CGN Resources (ASX:CGR) Headlines

No Headlines