Centurion Minerals (TSXV:CTN) Debt-to-Equity : -0.63 (As of Jan. 2024)

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What is Centurion Minerals Debt-to-Equity?

Centurion Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.17 Mil. Centurion Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.96 Mil. Centurion Minerals's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$-1.79 Mil. Centurion Minerals's debt to equity for the quarter that ended in Jan. 2024 was -0.63.

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 Centurion Minerals's Debt-to-Equity or its related term are showing as below:

TSXV:CTN' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.05 Med: -0.58 Max: -0.11
Current: -0.63

During the past 13 years, the highest Debt-to-Equity Ratio of Centurion Minerals was -0.11. The lowest was -3.05. And the median was -0.58.

TSXV:CTN's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:CTN: -0.63

Centurion Minerals Debt-to-Equity Historical Data

The historical data trend for Centurion Minerals'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.

Centurion Minerals Debt-to-Equity Chart

Centurion Minerals Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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-0.80

-0.25

-0.32

-0.27

-0.73

Centurion Minerals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-0.87	-0.84	-0.73	-0.69	-0.63

Competitive Comparison of Centurion Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Centurion Minerals'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.

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

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

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

Centurion Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Centurion Minerals's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.196	+	0.923)	/	-1.542
	=	-0.73

Centurion Minerals's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(0.17	+	0.961)	/	-1.79
	=	-0.63

Centurion Minerals (TSXV:CTN) 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.

Centurion Minerals Debt-to-Equity Related Terms

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

Centurion Minerals (TSXV:CTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Centurion Minerals Ltd (TSXV:CTN) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

XJC:Germany

Address

470 Granville Street, Suite 520, Vancouver, BC, CAN, V6C 1V5

Website

https://www.centurionminerals.com

Centurion Minerals Ltd is engaged in the business of acquisition and exploration of mineral properties. The company has its operations in two geographic areas including Canada and Argentina. It is focused on the development of Ana Sofia Agri-Gypsum project. The project comprises over two mining concessions totaling approximately 50 hectares and is located in Santiago del Estero province, Argentina. In addition, it is also focused on identifying, developing and marketing calcium sulfate, for the markets of Argentina, Paraguay, Bolivia, Brazil, and Chile.

Centurion Minerals (TSXV:CTN) Headlines

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