Caspin Resources (ASX:CPN) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Caspin Resources Debt-to-Equity?

Caspin Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.08 Mil. Caspin Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.01 Mil. Caspin Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2.15 Mil. Caspin Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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 Caspin Resources's Debt-to-Equity or its related term are showing as below:

ASX:CPN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.05
Current: 0.04

During the past 3 years, the highest Debt-to-Equity Ratio of Caspin Resources was 0.05. The lowest was 0.01. And the median was 0.04.

ASX:CPN's Debt-to-Equity is ranked better than
70.62% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:CPN: 0.04

Caspin Resources Debt-to-Equity Historical Data

The historical data trend for Caspin Resources'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.

Caspin Resources Debt-to-Equity Chart

Caspin Resources Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.02

0.04

Caspin Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.01	0.02	0.05	0.04	0.04

Competitive Comparison of Caspin Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Caspin Resources'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.

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

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

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

Caspin Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Caspin Resources'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
	=	(0.072	+	0.054)	/	3.362
	=	0.04

Caspin Resources'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
	=	(0.08	+	0.007)	/	2.154
	=	0.04

Caspin Resources (ASX:CPN) 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.

Caspin Resources Debt-to-Equity Related Terms

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

Caspin Resources (ASX:CPN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

675 Murray Street, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.caspin.com.au

Caspin Resources Ltd is a mining company engaged in mineral exploration and assessment of mineral projects. The company operates geographically in Australia. Its projects include Mount Squires Gold Project; and Yarawindah Brook Project which is focused on nickel, copper, cobalt, and gold mining.

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