CEGMF (Cerro Grande Mining) Debt-to-Equity : -0.69 (As of Jun. 2024)

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What is Cerro Grande Mining Debt-to-Equity?

Cerro Grande Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.29 Mil. Cerro Grande Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $3.74 Mil. Cerro Grande Mining's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $-5.82 Mil. Cerro Grande Mining's debt to equity for the quarter that ended in Jun. 2024 was -0.69.

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 Cerro Grande Mining's Debt-to-Equity or its related term are showing as below:

CEGMF' s Debt-to-Equity Range Over the Past 10 Years
Min: -11.69 Med: -0.66 Max: 0.62
Current: -0.69

During the past 13 years, the highest Debt-to-Equity Ratio of Cerro Grande Mining was 0.62. The lowest was -11.69. And the median was -0.66.

CEGMF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs CEGMF: -0.69

Cerro Grande Mining Debt-to-Equity Historical Data

The historical data trend for Cerro Grande Mining'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.

Cerro Grande Mining Debt-to-Equity Chart

Cerro Grande Mining Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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-0.10

-0.91

-0.68

-0.74

-0.71

Cerro Grande Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															-0.70	-0.71	-0.70	-0.70	-0.69

Competitive Comparison of Cerro Grande Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Cerro Grande Mining'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.

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

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

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

Cerro Grande Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cerro Grande Mining's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.279	+	3.683)	/	-5.615
	=	-0.71

Cerro Grande Mining's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.29	+	3.738)	/	-5.819
	=	-0.69

Cerro Grande Mining (OTCPK:CEGMF) 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.

Cerro Grande Mining Debt-to-Equity Related Terms

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Cerro Grande Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cerro Grande Mining Corp (OTCPK:CEGMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CEG:Canada

Address

Avenida Santa Maria 2224, Providencia, Santiago, CHL

Website

http://www.cegmining.com

Cerro Grande Mining Corp is a Canada-based exploration company. The business activity of the group is operated in one reportable operating segment, being the acquisition, exploration, and development of mineral properties. It explores new gold, copper, and industrial mineral properties in central Chile. The company holds an interest in Pimenton Copper Gold Mining Project.