Canickel Mining (Canickel Mining) Debt-to-Equity : -0.95 (As of Sep. 2023)

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What is Canickel Mining Debt-to-Equity?

Canickel Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $76.25 Mil. Canickel Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Canickel Mining's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-80.41 Mil. Canickel Mining's debt to equity for the quarter that ended in Sep. 2023 was -0.95.

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

CMLGF' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.18 Med: -1.07 Max: -0.89
Current: -0.95

During the past 13 years, the highest Debt-to-Equity Ratio of Canickel Mining was -0.89. The lowest was -2.18. And the median was -1.07.

CMLGF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs CMLGF: -0.95

Canickel Mining Debt-to-Equity Historical Data

The historical data trend for Canickel 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.

Canickel Mining Debt-to-Equity Chart

Canickel Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-1.13

-1.04

-1.01

-0.99

Canickel 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	Get a 7-Day Free Trial															-0.99	-0.99	-0.98	-0.98	-0.95

Competitive Comparison of Canickel Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Canickel 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.

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

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

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

Canickel Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canickel 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
	=	(71.522	+	0)	/	-72.329
	=	-0.99

Canickel 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
	=	(76.245	+	0)	/	-80.409
	=	-0.95

Canickel Mining (OTCPK:CMLGF) 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.

Canickel Mining Debt-to-Equity Related Terms

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Canickel Mining (Canickel Mining) Business Description

Industry

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

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Traded in Other Exchanges

CMID:Germany CML:Canada

Address

999 West Hastings Street, Suite 1655, P.O.Box 35, Vancouver, BC, CAN, V6C 2W2

Website

https://www.canickel.com

Canickel Mining Ltd is a mining company focused on nickel mining and related activities, including exploration and the extraction and processing of nickel-containing ore. All assets of the Company are in Canada. It is also operating running the care and maintenance program at Bucko Lake Mine to safeguard assets and carry out exploration activities. It has a single segment and is focused on nickel mining including exploration and extraction and processing of nickel-containing ore.

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