Copper 360 (JSE:CPR) Debt-to-Equity : 0.08 (As of Aug. 2023)

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What is Copper 360 Debt-to-Equity?

Copper 360's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R7.24 Mil. Copper 360's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R141.48 Mil. Copper 360's Total Stockholders Equity for the quarter that ended in Aug. 2023 was R1,849.77 Mil. Copper 360's debt to equity for the quarter that ended in Aug. 2023 was 0.08.

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 Copper 360's Debt-to-Equity or its related term are showing as below:

JSE:CPR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.64 Max: 1.2
Current: 0.08

During the past 1 years, the highest Debt-to-Equity Ratio of Copper 360 was 1.20. The lowest was 0.08. And the median was 0.64.

JSE:CPR's Debt-to-Equity is ranked better than
59.07% of 1307 companies
in the Metals & Mining industry
Industry Median: 0.13 vs JSE:CPR: 0.08

Copper 360 Debt-to-Equity Historical Data

The historical data trend for Copper 360'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.

Copper 360 Debt-to-Equity Chart

Copper 360 Annual Data

Trend

Feb22

Debt-to-Equity

1.20

Copper 360 Semi-Annual Data
	Feb22	Aug22	Aug23
Debt-to-Equity	1.20	N/A	0.08

Competitive Comparison of Copper 360's Debt-to-Equity

For the Copper subindustry, Copper 360'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.

Copper 360's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Copper 360's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Copper 360's Debt-to-Equity falls into.

Copper 360 Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Copper 360's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(6.62	+	56.391)	/	52.716
	=	1.20

Copper 360's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(7.239	+	141.478)	/	1849.767
	=	0.08

Copper 360 (JSE:CPR) 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.

Copper 360 Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Copper 360's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Copper 360 (JSE:CPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper 360 Ltd (JSE:CPR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Main Road, Nababeep, Nababeep, NC, ZAF, 8265

Website

https://www.copper360.co.za

Copper 360 Ltd is focused on processing historically mined copper rock dumps through a process of environmental clean-up, and mining surface and shallow copper resources. The group's operations are based in the Northern Cape province of South Africa.

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