Cobre (ASX:CBE) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Cobre Debt-to-Equity?

Cobre's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Cobre's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Cobre's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$28.45 Mil. Cobre's debt to equity for the quarter that ended in Dec. 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 Cobre's Debt-to-Equity or its related term are showing as below:

ASX:CBE'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.

Cobre Debt-to-Equity Historical Data

The historical data trend for Cobre'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.

Cobre Debt-to-Equity Chart

Cobre Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Cobre Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Cobre's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Cobre'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.

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

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

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

Cobre Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cobre's Debt to Equity Ratio for the fiscal year that ended in Jun. 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)	/	30.774
	=	0.00

Cobre'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
	=	(0	+	0)	/	28.454
	=	0.00

Cobre (ASX:CBE) 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.

Cobre Debt-to-Equity Related Terms

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Cobre (ASX:CBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cobre Ltd (ASX:CBE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

27 Macquarie Place, Level 10, Kyle House, Sydney, NSW, AUS, 2000

Website

https://www.cobre.com.au

Cobre Ltd is an exploration and mining company. Its projects include the Perrinvale project, Botswana projects and the Sandiman project. The Perrinvale Project is located at Kalgoorlie in the Yilgarn Craton of Western Australia. The Sandiman Project is located on the eastern edge of the Southern Carnarvon Basin. The firm has only one operating segment being exploration for precious metals.

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