Commander Resources (Commander Resources) Debt-to-Equity : 0.03 (As of Sep. 2023)

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What is Commander Resources Debt-to-Equity?

Commander Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.02 Mil. Commander Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Commander Resources's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $0.64 Mil. Commander Resources's debt to equity for the quarter that ended in Sep. 2023 was 0.03.

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 Commander Resources's Debt-to-Equity or its related term are showing as below:

CMDRF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.13
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Commander Resources was 0.13. The lowest was 0.01. And the median was 0.05.

CMDRF's Debt-to-Equity is ranked better than
75.19% of 1314 companies
in the Metals & Mining industry
Industry Median: 0.13 vs CMDRF: 0.03

Commander Resources Debt-to-Equity Historical Data

The historical data trend for Commander 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.

Commander Resources Debt-to-Equity Chart

Commander Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.01

0.05

0.03

0.08

Commander Resources 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	Get a 7-Day Free Trial															0.13	0.08	0.08	0.08	0.03

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

For the Other Industrial Metals & Mining subindustry, Commander 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.

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

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

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

Commander Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Commander Resources'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
	=	(0.024	+	0.015)	/	0.47
	=	0.08

Commander Resources'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
	=	(0.021	+	0)	/	0.644
	=	0.03

Commander Resources (OTCPK:CMDRF) 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.

Commander Resources Debt-to-Equity Related Terms

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Commander Resources (Commander Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Commander Resources Ltd (OTCPK:CMDRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CMD:Canada

Address

1111 Melville Street, Suite 1100, 11th Floor, Vancouver, BC, CAN, V6E 3V6

Website

https://www.commanderresources.com

Commander Resources Ltd is an exploration stage company. The business activity of the group involves the acquisition and exploration of mineral properties in Canada and Mexico. It is engaged in employing new techniques in the search for precious and base metals. The company holds an interest in projects such as October Dome, Mt. Polley, Rebel, Flume, South Voisey's bay, and Pedro among others.

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