Canadian Metals (Canadian Metals) Debt-to-Equity : 0.09 (As of Jan. 2024)

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What is Canadian Metals Debt-to-Equity?

Canadian Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.16 Mil. Canadian Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.61 Mil. Canadian Metals's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $8.47 Mil. Canadian Metals's debt to equity for the quarter that ended in Jan. 2024 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 Canadian Metals's Debt-to-Equity or its related term are showing as below:

CNMTD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.3 Max: 2.41
Current: 0.09

During the past 11 years, the highest Debt-to-Equity Ratio of Canadian Metals was 2.41. The lowest was 0.08. And the median was 0.30.

CNMTD's Debt-to-Equity is ranked better than
56.53% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs CNMTD: 0.09

Canadian Metals Debt-to-Equity Historical Data

The historical data trend for Canadian Metals'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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Canadian Metals Debt-to-Equity Chart

Canadian Metals Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.33

0.42

0.09

0.10

0.09

Canadian Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.08	0.09	0.09	0.09

Competitive Comparison of Canadian Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Canadian Metals'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.

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

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

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

Canadian Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canadian Metals's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.159	+	0.593)	/	8.821
	=	0.09

Canadian Metals's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(0.159	+	0.614)	/	8.468
	=	0.09

Canadian Metals (OTCPK:CNMTD) 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.

Canadian Metals Debt-to-Equity Related Terms

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

Canadian Metals (Canadian Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Metals Inc (OTCPK:CNMTD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CME:Canada

Address

1000 Sherbrooke Street West, Suite 2700, Montrea, QC, CAN, H3A3G4

Website

https://www.canadian-metals.com

Canadian Metals Inc is engaged in the acquisition, exploration, and evaluation of mineral properties in Quebec and New Brunswick. It is committed to the discovery and aggressive exploration of gold and base metal assets. Some of its properties include Lac La Chesnaye Property, Nicholas Deny's Project, Goldstrike Property, Oxford Property, Mountain Brook Property, and others.

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