Caledonia Mining (Caledonia Mining) Debt-to-Equity

: 0.09 (As of Sep. 2023)

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Caledonia Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $14.8 Mil. Caledonia Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $6.5 Mil. Caledonia Mining's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $243.9 Mil. Caledonia Mining's debt to equity for the quarter that ended in Sep. 2023 was 0.09.

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

CMCL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.1
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Caledonia Mining was 0.10. The lowest was 0.00. And the median was 0.03.

CMCL's Debt-to-Equity is ranked better than
56.58% of 1306 companies
in the Metals & Mining industry
Industry Median: 0.13 vs CMCL: 0.09

Caledonia Mining Debt-to-Equity Historical Data

The historical data trend for Caledonia 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.

Caledonia Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.09

0.03

0.01

0.07

Caledonia Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity																0.01	0.07	0.10	0.10	0.09

Competitive Comparison

For the Gold subindustry, Caledonia 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.

Caledonia Mining Debt-to-Equity Distribution

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

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

Caledonia Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Caledonia Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(12.475	+	0.181)	/	171.05
	=	0.07

Caledonia Mining's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(14.77	+	6.483)	/	243.939
	=	0.09

Caledonia Mining (AMEX:CMCL) 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.

Caledonia Mining Debt-to-Equity Related Terms

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Caledonia Mining (Caledonia Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Caledonia Mining Corp PLC (AMEX:CMCL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CMCL:UK 9CD1:Germany

Address

B006 Millais House, Castle Quay, Saint Helier, JEY, JE2 3NF

Website

https://www.caledoniamining.com

Caledonia Mining Corp PLC is a gold exploration, development, and mining company. The company's geographical segment includes Zimbabwe and South Africa. Its operations are into Blanket Gold Mine located in the south-west of Zimbabwe. The majority of revenue is generated from the Zimbabwe segment.