Libero Copper & Gold (TSXV:LBC) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Libero Copper & Gold Debt-to-Equity?

Libero Copper & Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.01 Mil. Libero Copper & Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.14 Mil. Libero Copper & Gold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$4.94 Mil. Libero Copper & Gold's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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

TSXV:LBC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 1.98
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Libero Copper & Gold was 1.98. The lowest was 0.02. And the median was 0.10.

TSXV:LBC's Debt-to-Equity is ranked better than
75.08% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:LBC: 0.03

Libero Copper & Gold Debt-to-Equity Historical Data

The historical data trend for Libero Copper & 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.

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Libero Copper & Gold Debt-to-Equity Chart

Libero Copper & Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.12

0.03

0.11

1.98

Libero Copper & Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.22	0.37	1.98	0.03

Competitive Comparison of Libero Copper & Gold's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Libero Copper & 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.

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

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

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

Libero Copper & Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Libero Copper & Gold'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
	=	(0.319	+	0.188)	/	0.256
	=	1.98

Libero Copper & Gold'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
	=	(0.006	+	0.14)	/	4.943
	=	0.03

Libero Copper & Gold (TSXV:LBC) 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.

Libero Copper & Gold Debt-to-Equity Related Terms

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

Libero Copper & Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Libero Copper & Gold Corp (TSXV:LBC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LBCMF:USA 29H:Germany

Address

1111 West Hastings Street, Suite 905, Vancouver, BC, CAN, V6E 2J3

Website

https://www.liberocopper.com

Libero Copper & Gold Corp is a mineral exploration company that holds a portfolio of porphyry copper deposits throughout the Americas, including the Big Red porphyry copper and Big Bulk porphyry copper-gold projects in the Golden Triangle, British Columbia, Canada, the Mocoa porphyry copper-molybdenum deposit in Putumayo, Colombia; and the Esperanza porphyry copper-gold project in San Juan, Argentina. The company operates in four geographic regions; Canada, the USA, Argentina and Colombia.

Executives

Ian Slater

Director, Senior Officer