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Cassius Ventures (TSXV:CZ.H) Debt-to-Equity : -0.61 (As of Jan. 2024)


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What is Cassius Ventures Debt-to-Equity?

Cassius Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.27 Mil. Cassius Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Cassius Ventures's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$-0.44 Mil. Cassius Ventures's debt to equity for the quarter that ended in Jan. 2024 was -0.61.

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 Cassius Ventures's Debt-to-Equity or its related term are showing as below:

TSXV:CZ.H' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.62   Med: -0.6   Max: -0.38
Current: -0.61

During the past 13 years, the highest Debt-to-Equity Ratio of Cassius Ventures was -0.38. The lowest was -0.62. And the median was -0.60.

TSXV:CZ.H's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:CZ.H: -0.61

Cassius Ventures Debt-to-Equity Historical Data

The historical data trend for Cassius Ventures'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.

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Cassius Ventures Debt-to-Equity Chart

Cassius Ventures Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.60 -0.58 -0.60 -0.58 -0.59

Cassius Ventures Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.61 -0.60 -0.62 -0.59 -0.61

Competitive Comparison of Cassius Ventures's Debt-to-Equity

For the Gold subindustry, Cassius Ventures'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.


Cassius Ventures's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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



Cassius Ventures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cassius Ventures's Debt to Equity Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Cassius Ventures's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

* 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.


Cassius Ventures  (TSXV:CZ.H) 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.


Cassius Ventures Debt-to-Equity Related Terms

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Cassius Ventures (TSXV:CZ.H) Business Description

Traded in Other Exchanges
N/A
Address
595 Burrard Street, Suite 3083, Vancouver, BC, CAN, V7X 1L3
Cassius Ventures Ltd is a Canada-based company. The company is an exploration-stage company focused on acquiring exploration and/or development-stage mineral properties for the purposes of further exploration and development.

Cassius Ventures (TSXV:CZ.H) Headlines

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