Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Sociedad Minera Cerro VerdeA Debt-to-Equity?

Sociedad Minera Cerro VerdeA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10 Mil. Sociedad Minera Cerro VerdeA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $50 Mil. Sociedad Minera Cerro VerdeA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,680 Mil. Sociedad Minera Cerro VerdeA'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 Sociedad Minera Cerro VerdeA's Debt-to-Equity or its related term are showing as below:

LIM:CVERDEC1' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.17
Current: 0.01

During the past 10 years, the highest Debt-to-Equity Ratio of Sociedad Minera Cerro VerdeA was 0.17. The lowest was 0.01. And the median was 0.06.

LIM:CVERDEC1's Debt-to-Equity is ranked better than
99.92% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LIM:CVERDEC1: 0.01

Sociedad Minera Cerro VerdeA Debt-to-Equity Historical Data

The historical data trend for Sociedad Minera Cerro VerdeA'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.

Sociedad Minera Cerro VerdeA Debt-to-Equity Chart

Sociedad Minera Cerro VerdeA Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.17

0.11

0.06

0.01

Sociedad Minera Cerro VerdeA Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.17	0.11	0.06	0.01	0.01

Competitive Comparison of Sociedad Minera Cerro VerdeA's Debt-to-Equity

For the Copper subindustry, Sociedad Minera Cerro VerdeA'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.

Sociedad Minera Cerro VerdeA's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sociedad Minera Cerro VerdeA's Debt-to-Equity falls into.

Sociedad Minera Cerro VerdeA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sociedad Minera Cerro VerdeA'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
	=	(9.909	+	49.683)	/	6680.374
	=	0.01

Sociedad Minera Cerro VerdeA'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
	=	(9.909	+	49.683)	/	6680.374
	=	0.01

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) 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.

Sociedad Minera Cerro VerdeA Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Sociedad Minera Cerro VerdeA's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Cerro Verde SAA (LIM:CVERDEC1) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Avenue Alfonso Ugarte 304, Arequipa, PER

Website

https://www.cerroverde.pe

Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Headlines

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