Cerrado Gold (TSXV:CERT) Debt-to-Equity : 3.42 (As of Sep. 2023)

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What is Cerrado Gold Debt-to-Equity?

Cerrado Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$59.8 Mil. Cerrado Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$32.3 Mil. Cerrado Gold's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$27.0 Mil. Cerrado Gold's debt to equity for the quarter that ended in Sep. 2023 was 3.42.

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 Cerrado Gold's Debt-to-Equity or its related term are showing as below:

TSXV:CERT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 1.32 Max: 6.37
Current: 3.42

During the past 2 years, the highest Debt-to-Equity Ratio of Cerrado Gold was 6.37. The lowest was 0.43. And the median was 1.32.

TSXV:CERT's Debt-to-Equity is ranked worse than
97.79% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:CERT: 3.42

Cerrado Gold Debt-to-Equity Historical Data

The historical data trend for Cerrado Gold'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.

Cerrado Gold Debt-to-Equity Chart

Cerrado Gold Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.53

2.80

Cerrado Gold Quarterly Data
	Sep19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial										2.58	2.80	6.37	2.51	3.42

Competitive Comparison of Cerrado Gold's Debt-to-Equity

For the Gold subindustry, Cerrado Gold'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.

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

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

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

Cerrado Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cerrado Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(15.389	+	35.351)	/	18.141
	=	2.80

Cerrado Gold's Debt to Equity Ratio for the quarter 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
	=	(59.841	+	32.251)	/	26.962
	=	3.42

Cerrado Gold (TSXV:CERT) 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.

Cerrado Gold Debt-to-Equity Related Terms

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Cerrado Gold (TSXV:CERT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cerrado Gold Inc (TSXV:CERT) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

CRDOF:USA

Address

200 Bay Street, Suite 3205, Toronto, ON, CAN, M5J 2J2

Website

https://www.cerradogold.com

Cerrado Gold Inc is a precious metals mining and exploration company building a portfolio of assets in South America. The company owns Minera Don Nicolas Project, located in Santa Cruz, Argentina. It is also focused on exploration at its Monte do Carmo gold Project in Tocantins State, Brazil.