CopperCorp Resources (TSXV:CPER) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is CopperCorp Resources Debt-to-Equity?

CopperCorp Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.02 Mil. CopperCorp Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.04 Mil. CopperCorp Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$5.57 Mil. CopperCorp Resources's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 CopperCorp Resources's Debt-to-Equity or its related term are showing as below:

TSXV:CPER' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.02
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of CopperCorp Resources was 0.02. The lowest was 0.01. And the median was 0.02.

TSXV:CPER's Debt-to-Equity is ranked better than
99.92% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:CPER: 0.01

CopperCorp Resources Debt-to-Equity Historical Data

The historical data trend for CopperCorp Resources'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.

CopperCorp Resources Debt-to-Equity Chart

CopperCorp Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

0.02

0.01

CopperCorp Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.02	0.02	0.02	0.01	0.01

Competitive Comparison of CopperCorp Resources's Debt-to-Equity

For the Copper subindustry, CopperCorp Resources'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.

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

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

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

CopperCorp Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CopperCorp Resources'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
	=	(0.057	+	0.013)	/	6.247
	=	0.01

CopperCorp Resources's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.015	+	0.041)	/	5.57
	=	0.01

CopperCorp Resources (TSXV:CPER) 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.

CopperCorp Resources Debt-to-Equity Related Terms

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

CopperCorp Resources (TSXV:CPER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CopperCorp Resources Inc (TSXV:CPER) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CPCPF:USA

Address

550 - 800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.coppercorpinc.com

CopperCorp Resources Inc is engaged in the business of exploration of mineral properties in Australia. Its objective is to explore, locate and potentially develop economic precious and base metals properties of merit. Its project portfolio includes AMC and Skyline projects.

CopperCorp Resources (TSXV:CPER) Headlines

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