Central Iron Ore (TSXV:CIO) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Central Iron Ore Debt-to-Equity?

Central Iron Ore's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.05 Mil. Central Iron Ore's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Central Iron Ore's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1.53 Mil. Central Iron Ore's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 Central Iron Ore's Debt-to-Equity or its related term are showing as below:

TSXV:CIO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.22 Max: 0.7
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Central Iron Ore was 0.70. The lowest was 0.02. And the median was 0.22.

TSXV:CIO's Debt-to-Equity is ranked better than
75.77% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:CIO: 0.03

Central Iron Ore Debt-to-Equity Historical Data

The historical data trend for Central Iron Ore'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.

Central Iron Ore Debt-to-Equity Chart

Central Iron Ore Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.34

0.14

0.22

0.02

Central Iron Ore Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.58	0.70	0.02	0.03	0.03

Competitive Comparison of Central Iron Ore's Debt-to-Equity

For the Gold subindustry, Central Iron Ore'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.

Central Iron Ore's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Central Iron Ore's Debt-to-Equity falls into.

Central Iron Ore Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Central Iron Ore'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
	=	(0.045	+	0)	/	1.837
	=	0.02

Central Iron Ore'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
	=	(0.045	+	0)	/	1.53
	=	0.03

Central Iron Ore (TSXV:CIO) 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.

Central Iron Ore Debt-to-Equity Related Terms

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Central Iron Ore (TSXV:CIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Central Iron Ore Ltd (TSXV:CIO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

49-51 York Street, Level 2, Suite 1, Sydney, NSW, AUS, 2000

Website

https://www.centralironorelimited.com

Central Iron Ore Ltd is a junior mineral exploration and development company. The firm engages in the exploration and development of gold in Australia. It holds interests in Red 5 Joint Venture, British King Gold Mine, Barrick JV Project, and South Darlot Gold Project. The company generates maximum revenue from Australia.