Canterra Minerals (Canterra Minerals) Debt-to-Equity

: 0.00 (As of Sep. 2023)

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Canterra Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Canterra Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Canterra Minerals's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $3.11 Mil. Canterra Minerals's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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 Canterra Minerals's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Canterra Minerals was -0.55. The lowest was -0.64. And the median was -0.59.

CTMCF's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Canterra Minerals Debt-to-Equity Historical Data

The historical data trend for Canterra Minerals'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.

Canterra Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.55

Canterra Minerals 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															-	-	-	-	-

Competitive Comparison

For the Other Precious Metals & Mining subindustry, Canterra Minerals'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.

Canterra Minerals Debt-to-Equity Distribution

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

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

Canterra Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canterra Minerals'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	+	0)	/	3.1
	=	0.00

Canterra Minerals'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	+	0)	/	3.113
	=	0.00

Canterra Minerals (OTCPK:CTMCF) 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.

Canterra Minerals Debt-to-Equity Related Terms

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Canterra Minerals (Canterra Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canterra Minerals Corp (OTCPK:CTMCF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

CTM:Canada

Address

625 Howe Street, Suite 580, Vancouver, BC, CAN, V6C 2T6

Website

https://www.canterraminerals.com

Canterra Minerals Corp is an exploration-stage company. It is engaged in the acquisition, exploration, and evaluation of mineral properties. The group primarily specializes in diamond exploration within the Northwest Territories. It holds an interest in projects and properties such as Wilding Lake Project, Marlin and Rex in the Northwest Territories, and Buffalo Hills in Alberta. It has one reportable operating segment, being the acquisition, exploration, and evaluation of mineral properties in Canada.

Canterra Minerals (Canterra Minerals) Headlines

From GuruFocus

Canterra Completes Debt Settlement

By GlobeNewswire GlobeNewswire • 10-04-2018

Canterra Minerals Corporation to Present at the Metals and Mining Virtual Investor Conference July 26th

By Marketwired • 07-25-2023

Canterra Extends Warrants

By GlobeNewswire GlobeNewswire • 07-06-2018

Canterra Minerals Announces Closing of $3.9M Financing and Acquisition of the Wilding Lake Gold Project, Newfoundland

By GlobeNewswire GlobeNewswire • 12-17-2020