Critical Minerals Group (ASX:CMG) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Critical Minerals Group Debt-to-Equity?

Critical Minerals Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Critical Minerals Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Critical Minerals Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2.49 Mil. Critical Minerals Group'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 Critical Minerals Group's Debt-to-Equity or its related term are showing as below:

ASX:CMG'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.

Critical Minerals Group Debt-to-Equity Historical Data

The historical data trend for Critical Minerals Group'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.

Critical Minerals Group Debt-to-Equity Chart

Critical Minerals Group Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

Critical Minerals Group Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Debt-to-Equity	-	-	-	-

Competitive Comparison of Critical Minerals Group's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Critical Minerals Group'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.

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

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

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

Critical Minerals Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Critical Minerals Group'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)	/	3.399
	=	0.00

Critical Minerals Group'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)	/	2.488
	=	0.00

Critical Minerals Group (ASX:CMG) 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.

Critical Minerals Group Debt-to-Equity Related Terms

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Critical Minerals Group (ASX:CMG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Eagle Street, Level 4, Gold Tower, Brisbane, QLD, AUS, 4000

Website

https://www.criticalmineralsgroup.com.au

Critical Minerals Group Ltd is a mineral exploration company seeking to explore and develop prospective critical minerals projects. It holds interest in Lindfield Project, Figtree Creek Project, and Lorena Surrounds Project. The Group is into one operating segment, mining and exploration operations Geographically, it operates in Australia.