Coolabah Metals (ASX:CBH) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Coolabah Metals Debt-to-Equity?

Coolabah Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Coolabah Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Coolabah Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$5.25 Mil. Coolabah Metals'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 Coolabah Metals's Debt-to-Equity or its related term are showing as below:

ASX:CBH'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.

Coolabah Metals Debt-to-Equity Historical Data

The historical data trend for Coolabah Metals'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.

Coolabah Metals Debt-to-Equity Chart

Coolabah Metals Annual Data

Trend

Jun22

Debt-to-Equity

Coolabah Metals Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Debt-to-Equity	-	-	-	-

Competitive Comparison of Coolabah Metals's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Coolabah Metals'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.

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

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

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

Coolabah Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coolabah Metals's Debt to Equity Ratio for the fiscal year that ended in Jun. 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)	/	-0.011
	=	0.00

Coolabah Metals'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)	/	5.252
	=	0.00

Coolabah Metals (ASX:CBH) 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.

Coolabah Metals Debt-to-Equity Related Terms

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

Coolabah Metals (ASX:CBH) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.coolabahmetals.com.au

Coolabah Metals Ltd is a minerals exploration company formed for the purpose of identifying, acquiring, and developing prospective copper, gold, and base metal assets throughout Australia. The company's project includes the Gunpowder Creek Project (NSW) which comprises four granted exploration licenses, the Nymagee Project (NSW) which comprises three granted exploration licenses, the Coolabah Project (NSW) which comprises four granted exploration licenses, Cannington Project (QLD) is located 130km SSE of Cloncurry comprised of two exploration licenses.