Ero Copper (TSX:ERO) Debt-to-Equity : 0.55 (As of Dec. 2023)

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What is Ero Copper Debt-to-Equity?

Ero Copper's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$42.1 Mil. Ero Copper's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$556.0 Mil. Ero Copper's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1,079.0 Mil. Ero Copper's debt to equity for the quarter that ended in Dec. 2023 was 0.55.

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 Ero Copper's Debt-to-Equity or its related term are showing as below:

TSX:ERO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.81 Max: 6.54
Current: 0.55

During the past 8 years, the highest Debt-to-Equity Ratio of Ero Copper was 6.54. The lowest was 0.17. And the median was 0.81.

TSX:ERO's Debt-to-Equity is ranked worse than
77.65% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:ERO: 0.55

Ero Copper Debt-to-Equity Historical Data

The historical data trend for Ero Copper'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.

Ero Copper Debt-to-Equity Chart

Ero Copper Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.82

0.80

0.17

0.80

0.55

Ero Copper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.80	0.72	0.67	N/A	0.55

Competitive Comparison of Ero Copper's Debt-to-Equity

For the Copper subindustry, Ero Copper'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.

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

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

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

Ero Copper Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ero Copper's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(42.095	+	556.038)	/	1078.982
	=	0.55

Ero Copper's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(42.095	+	556.038)	/	1078.982
	=	0.55

Ero Copper (TSX:ERO) 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.

Ero Copper Debt-to-Equity Related Terms

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

Ero Copper (TSX:ERO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ero Copper Corp (TSX:ERO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ERO:USA E0B:Germany

Address

625 Howe Street, Suite 1050, Vancouver, BC, CAN, V6C 2T6

Website

https://www.erocopper.com

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero's operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine. It holds an interest in MCSA Mining Complex, Boa Esperanca property, and NX Gold Property.