CMT - Compagnie Miniere de Touissit (CAS:CMT) Debt-to-Equity : 0.65 (As of Jun. 2023)

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What is CMT - Compagnie Miniere de Touissit Debt-to-Equity?

CMT - Compagnie Miniere de Touissit's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was MAD0.0 Mil. CMT - Compagnie Miniere de Touissit's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was MAD429.7 Mil. CMT - Compagnie Miniere de Touissit's Total Stockholders Equity for the quarter that ended in Jun. 2023 was MAD663.3 Mil. CMT - Compagnie Miniere de Touissit's debt to equity for the quarter that ended in Jun. 2023 was 0.65.

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 CMT - Compagnie Miniere de Touissit's Debt-to-Equity or its related term are showing as below:

CAS:CMT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.3 Max: 0.84
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of CMT - Compagnie Miniere de Touissit was 0.84. The lowest was 0.00. And the median was 0.30.

CAS:CMT's Debt-to-Equity is ranked worse than
80.46% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs CAS:CMT: 0.65

CMT - Compagnie Miniere de Touissit Debt-to-Equity Historical Data

The historical data trend for CMT - Compagnie Miniere de Touissit'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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CMT - Compagnie Miniere de Touissit Debt-to-Equity Chart

CMT - Compagnie Miniere de Touissit Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.28

0.26

0.30

0.66

0.72

CMT - Compagnie Miniere de Touissit Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.84	0.66	0.62	0.72	0.65

Competitive Comparison of CMT - Compagnie Miniere de Touissit's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, CMT - Compagnie Miniere de Touissit'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.

CMT - Compagnie Miniere de Touissit's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where CMT - Compagnie Miniere de Touissit's Debt-to-Equity falls into.

CMT - Compagnie Miniere de Touissit Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CMT - Compagnie Miniere de Touissit'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
	=	(0	+	502.054)	/	695.595
	=	0.72

CMT - Compagnie Miniere de Touissit'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	+	429.683)	/	663.328
	=	0.65

CMT - Compagnie Miniere de Touissit (CAS:CMT) 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.

CMT - Compagnie Miniere de Touissit Debt-to-Equity Related Terms

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CMT - Compagnie Miniere de Touissit (CAS:CMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CMT - Compagnie Miniere de Touissit (CAS:CMT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alafak housing estate, lot No. 449-450, Sigma building, 5th floor, Compagnie Miniere de Touissit, La Colline, Sidi Maarouf, Casablanca, MAR, CP 20 270

Website

http://www.miniere-touissit.com

CMT - Compagnie Miniere de Touissit is engaged in the production of high-quality silver lead concentrates. It also produces silver zinc concentrates. Established in Eastern Morocco and then in the Middle Atlas, it currently operates the Tighza Mine, in Morocco.