Centenario Gold (TSXV:CTG) Debt-to-Equity : 0.00 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Centenario Gold Debt-to-Equity?

Centenario Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Centenario Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Centenario Gold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$0.70 Mil. Centenario Gold's debt to equity for the quarter that ended in Mar. 2024 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 Centenario Gold's Debt-to-Equity or its related term are showing as below:

TSXV:CTG' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.71 Med: 0.12 Max: 1.36
Current: 0.21

During the past 4 years, the highest Debt-to-Equity Ratio of Centenario Gold was 1.36. The lowest was -2.71. And the median was 0.12.

TSXV:CTG's Debt-to-Equity is ranked worse than
58.02% of 1303 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:CTG: 0.21

Centenario Gold Debt-to-Equity Historical Data

The historical data trend for Centenario Gold'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.

Centenario Gold Debt-to-Equity Chart

Centenario Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.14

-0.16

Centenario Gold Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								1.36	-1.39	-	-	-

Competitive Comparison of Centenario Gold's Debt-to-Equity

For the Gold subindustry, Centenario Gold'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.

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

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

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

Centenario Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Centenario Gold'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)	/	1.179
	=	0.00

Centenario Gold's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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)	/	0.701
	=	0.00

Centenario Gold (TSXV:CTG) 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.

Centenario Gold Debt-to-Equity Related Terms

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

Centenario Gold (TSXV:CTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Centenario Gold Corp (TSXV:CTG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.centenariogold.com

Centenario Gold Corp is engaged in acquiring, exploring, and developing interests in mineral projects in Mexico. The company's project include The EDEN Project. The EDEN Project forms part of the historical Guadalupe los Reyes Mining District near Cosala, in southeast Sinaloa State, Mexico, The Property sits just north of Prime Mining Corp's Los Reyes gold-silver project and includes 2 adjoining mineral claims called El Eden and El Eden 1 which total 2,489 hectares.