Cobra Resources (LSE:COBR) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Cobra Resources Debt-to-Equity?

Cobra Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil. Cobra Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil. Cobra Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £3.60 Mil. Cobra Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Cobra Resources's Debt-to-Equity or its related term are showing as below:

LSE:COBR's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Cobra Resources Debt-to-Equity Historical Data

The historical data trend for Cobra Resources'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.

Cobra Resources Debt-to-Equity Chart

Cobra Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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Cobra Resources Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of Cobra Resources's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Cobra Resources'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.

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

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

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

Cobra Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cobra Resources'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	+	0)	/	3.604
	=	0.00

Cobra Resources'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	+	0)	/	3.604
	=	0.00

Cobra Resources (LSE:COBR) 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.

Cobra Resources Debt-to-Equity Related Terms

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Cobra Resources (LSE:COBR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cobra Resources PLC (LSE:COBR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

107 Cheapside, 9th Floor, London, GBR, EC2V 6DN

Website

https://www.cobraplc.com

Cobra Resources PLC is an investment company that operates in the extractive industry to explore, develop and mine precious and base metal projects. The Group is engaged in a single segment of business being the exploration of gold in Australia. The Group's prime business segment is mineral exploration. The Group currently has two geographical reportable segments United Kingdom and Australia.

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