Collective Mining (Collective Mining) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Collective Mining Debt-to-Equity?

Collective Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.03 Mil. Collective Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.09 Mil. Collective Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $12.72 Mil. Collective Mining's debt to equity for the quarter that ended in Dec. 2023 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 Collective Mining's Debt-to-Equity or its related term are showing as below:

CNLMF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.12
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Collective Mining was 0.12. The lowest was 0.01. And the median was 0.01.

CNLMF's Debt-to-Equity is ranked better than
99.92% of 1313 companies
in the Metals & Mining industry
Industry Median: 0.13 vs CNLMF: 0.01

Collective Mining Debt-to-Equity Historical Data

The historical data trend for Collective 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.

Collective Mining Debt-to-Equity Chart

Collective Mining Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.12

0.01

Collective Mining Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									0.03	0.01	-	-	0.01

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

For the Gold subindustry, Collective 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.

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

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

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

Collective Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Collective Mining'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
	=	(0.033	+	0.087)	/	12.722
	=	0.01

Collective Mining'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
	=	(0.033	+	0.087)	/	12.722
	=	0.01

Collective Mining (OTCPK:CNLMF) 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.

Collective Mining Debt-to-Equity Related Terms

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Collective Mining (Collective Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Collective Mining Ltd (OTCPK:CNLMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CNL:Canada

Address

82 Richmond Street East, 4th Floor, Toronto, ON, CAN, M5C 1P1

Website

https://www.collectivemining.com

Collective Mining Ltd is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. The company currently has 100% interest in two projects located in Colombia, namely, Guayabales and San Antonio. The company is responsible for discovering, permitting and constructing the gold mine in Colombia. The company is rapidly advancing exploration on large-scale copper-gold-molybdenum porphyry targets in the mining-friendly department of Caldas in Colombia. Drilling is underway at the Guayabales project which is strategically located contiguous to the Marmato deposit, with initial assay results ongoing.

Collective Mining (Collective Mining) Headlines

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