Cantex Mine Development (Cantex Mine Development) Debt-to-Equity : 0.01 (As of Jan. 2024)

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What is Cantex Mine Development Debt-to-Equity?

Cantex Mine Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.03 Mil. Cantex Mine Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. Cantex Mine Development's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $2.99 Mil. Cantex Mine Development's debt to equity for the quarter that ended in Jan. 2024 was 0.01.

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 Cantex Mine Development's Debt-to-Equity or its related term are showing as below:

CTXDF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.78 Med: 0.04 Max: 3.08
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Cantex Mine Development was 3.08. The lowest was -1.78. And the median was 0.04.

CTXDF's Debt-to-Equity is ranked better than
99.92% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs CTXDF: 0.01

Cantex Mine Development Debt-to-Equity Historical Data

The historical data trend for Cantex Mine Development'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.

Cantex Mine Development Debt-to-Equity Chart

Cantex Mine Development Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.10

0.07

0.10

0.12

3.08

Cantex Mine Development Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-0.59	-1.79	0.56	3.08	0.01

Competitive Comparison of Cantex Mine Development's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Cantex Mine Development'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.

Cantex Mine Development's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Cantex Mine Development's Debt-to-Equity falls into.

Cantex Mine Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cantex Mine Development'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
	=	(0.117	+	0)	/	0.038
	=	3.08

Cantex Mine Development'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
	=	(0.033	+	0)	/	2.985
	=	0.01

Cantex Mine Development (OTCPK:CTXDF) 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.

Cantex Mine Development Debt-to-Equity Related Terms

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Cantex Mine Development (Cantex Mine Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cantex Mine Development Corp (OTCPK:CTXDF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

CD:Canada

Address

203-1634 Harvey Avenue, Kelowna, BC, CAN, V1Y 6G2

Website

https://www.cantex.ca

Cantex Mine Development Corp is a Canada-based exploration-stage company. The principal activities of the company include the acquisition and exploration of mineral properties for commercial mineral deposits. The company holds an interest in several properties in Yemen including Al Hariqah (Gold) and Al Masna. Its exploration and mineral properties in Nevada. Cantex Mine holds an interest in a few claim blocks located in Yukon. The company operates through a single segment being Mineral Exploration. Geographically it operates in Canada, Yemen, and the United States of America, and the majority of its revenue is generated from Canada.

Cantex Mine Development (Cantex Mine Development) Headlines

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