CMP Mining (XCNQ:CMP) Debt-to-Equity : 5.71 (As of Nov. 2024)

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What is CMP Mining Debt-to-Equity?

CMP Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was C$0.04 Mil. CMP Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was C$0.00 Mil. CMP Mining's Total Stockholders Equity for the quarter that ended in Nov. 2024 was C$0.01 Mil. CMP Mining's debt to equity for the quarter that ended in Nov. 2024 was 5.71.

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 CMP Mining's Debt-to-Equity or its related term are showing as below:

XCNQ:CMP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.78 Max: 5.71
Current: 5.71

During the past 3 years, the highest Debt-to-Equity Ratio of CMP Mining was 5.71. The lowest was 0.37. And the median was 0.78.

XCNQ:CMP's Debt-to-Equity is ranked worse than
98.65% of 1259 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:CMP: 5.71

CMP Mining Debt-to-Equity Historical Data

The historical data trend for CMP Mining'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.

CMP Mining Debt-to-Equity Chart

CMP Mining Annual Data

Trend

May22

May23

May24

Debt-to-Equity

0.48

0.83

CMP Mining Quarterly Data
	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Debt-to-Equity	Get a 7-Day Free Trial								0.73	1.29	0.83	1.60	5.71

Competitive Comparison of CMP Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, CMP Mining'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.

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

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

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

CMP Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CMP Mining's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(0.04	+	0)	/	0.048
	=	0.83

CMP Mining's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.04	+	0)	/	0.007
	=	5.71

CMP Mining (XCNQ:CMP) 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.

CMP Mining Debt-to-Equity Related Terms

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CMP Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CMP Mining Inc (XCNQ:CMP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Granville Street, Suite 2820, Vancouver, BC, CAN, V6C 1S4

Website

CMP Mining Inc engages in the acquisition and exploration of mineral resource properties. The company's operating segments are its exploration and evaluation assets and expenditures which are incurred in Canada.