Cygnus Metals (Cygnus Metals) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is Cygnus Metals Debt-to-Equity?

Cygnus Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Cygnus Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Cygnus Metals's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $13.22 Mil. Cygnus Metals's debt to equity for the quarter that ended in Jun. 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 Cygnus Metals's Debt-to-Equity or its related term are showing as below:

During the past 6 years, the highest Debt-to-Equity Ratio of Cygnus Metals was 0.04. The lowest was 0.02. And the median was 0.03.

CYGGF'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.

Cygnus Metals Debt-to-Equity Historical Data

The historical data trend for Cygnus 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.

Cygnus Metals Debt-to-Equity Chart

Cygnus Metals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.04

Cygnus Metals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.04	0.04	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Cygnus 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.

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

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

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

Cygnus Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cygnus Metals'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
	=	(0	+	0)	/	18.057
	=	0.00

Cygnus Metals's Debt to Equity Ratio for the quarter 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)	/	13.223
	=	0.00

Cygnus Metals (OTCPK:CYGGF) 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.

Cygnus Metals Debt-to-Equity Related Terms

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Cygnus Metals (Cygnus Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cygnus Metals Ltd (OTCPK:CYGGF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

CY5:Australia

Address

8 Richardson Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.cygnusmetals.com

Cygnus Metals Ltd is a exploration company focused on advancing the Pontax Lithium Project in the James Bay lithium district in Canada, as well as the Bencubbin Lithium Project and Snake Rock Project in Western Australia. The company is actively exploring both jurisdictions with tenure prospective for lithium as well as gold, nickel, copper and platinum group elements.

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