Los Cerros (NEXX:MNC) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is Los Cerros Debt-to-Equity?

Los Cerros's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil. Los Cerros's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil. Los Cerros's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £21.88 Mil. Los Cerros'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 Los Cerros's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Los Cerros was 0.03. The lowest was 0.00. And the median was 0.02.

NEXX:MNC'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.

Los Cerros Debt-to-Equity Historical Data

The historical data trend for Los Cerros'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.

Los Cerros Debt-to-Equity Chart

Los Cerros Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

Los Cerros Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Los Cerros's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Los Cerros'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.

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

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

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

Los Cerros Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Los Cerros'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)	/	8.988
	=	0.00

Los Cerros'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)	/	21.883
	=	0.00

Los Cerros (NEXX:MNC) 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.

Los Cerros Debt-to-Equity Related Terms

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Los Cerros (NEXX:MNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Los Cerros Ltd (NEXX:MNC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LCL:Australia

Address

Level 3, 88 William Street, West Perth, Perth, WA, AUS, 6000

Website

https://www.lclresources.au/site/content

LCL Resources Ltd is an exploration and mining company that explores and develops mineral prospects located in Peru, South America. Its portfolio of exploration projects focuses on copper, molybdenum, gold, and zinc. The company holds an interest in a portfolio of base and precious metal projects that are located within well-constrained metallogenic belts associated with the Andean Cordillera in Chile and Peru. The company's portfolio of projects includes Quinchia Gold project in Colombia, Miraflores project in Quinchia, and Andes project.

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