Codrus Minerals (ASX:CDR) Debt-to-Equity : 0.09 (As of Dec. 2023)

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What is Codrus Minerals Debt-to-Equity?

Codrus Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Codrus Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.10 Mil. Codrus Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1.61 Mil. Codrus Minerals's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

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

ASX:CDR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.09 Max: 0.09
Current: 0.09

During the past 3 years, the highest Debt-to-Equity Ratio of Codrus Minerals was 0.09. The lowest was 0.09. And the median was 0.09.

ASX:CDR's Debt-to-Equity is ranked better than
56.36% of 1313 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:CDR: 0.09

Codrus Minerals Debt-to-Equity Historical Data

The historical data trend for Codrus 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.

Codrus Minerals Debt-to-Equity Chart

Codrus Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

Codrus Minerals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	-	0.09

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

For the Gold subindustry, Codrus 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.

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

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

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

Codrus Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Codrus Minerals's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	0)	/	1.711
	=	0.00

Codrus Minerals's Debt to Equity Ratio for the quarter 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
	=	(0.041	+	0.1)	/	1.609
	=	0.09

Codrus Minerals (ASX:CDR) 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.

Codrus Minerals Debt-to-Equity Related Terms

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Codrus Minerals (ASX:CDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Codrus Minerals Ltd (ASX:CDR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Altona Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.codrusminerals.com.au

Codrus Minerals Ltd is an Australia-based gold exploration company. It has an interest in Silver Swan South, Red Gate, and Middle Creek Projects in Western Australia. It also has interests in the Bull Run project located in baker county, United States.