Caledonia Mining annual debt-to-equity ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Caledonia Mining Debt-to-Equity Ratio Growth & History (CMCL)
Caledonia Mining's debt-to-equity ratio was 0.13 for fiscal 2025.
View full Caledonia Mining company overviewCaledonia Mining annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.13 | 0.12 | +9056.15% |
| 2024 · Dec 31 | 2024-12-31 | 0.00 | −0.03 | −96.14% |
| 2023 | 2023-12-31 | 0.04 | −0.02 | −32.49% |
| 2022 | 2022-12-31 | 0.05 | 0.05 | +1460.03% |
| 2021 | 2021-12-31 | 0.00 | −0.00 | −37.93% |
| 2020 | 2020-12-31 | 0.01 | −0.03 | −83.07% |
| 2019 | 2019-12-31 | 0.03 | −0.06 | −63.59% |
| 2018 | 2018-12-31 | 0.09 | 0.06 | +276.01% |
| 2017 | 2017-12-31 | 0.02 | −0.03 | −56.27% |
| 2016 | 2016-12-31 | 0.05 | — | — |
Caledonia Mining quarterly debt-to-equity ratio
Q4.17
Q4.18
Q4.19
Q2.20
Q4.20
Q4.21
Q4.22
Q4.23
Q2.24
Q3.24
Q4.24
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.40 | 0.28 | +238.84% |
| Q1 2026 | 2026-03-31 | 0.43 | 0.30 | +236.71% |
| Q4 2025 | 2025-12-31 | 0.13 | 0.12 | +9056.15% |
| Q3 2025 | 2025-09-30 | 0.09 | 0.05 | +116.39% |
| Q2 2025 | 2025-06-30 | 0.12 | 0.07 | +168.11% |
| Q4 2024 · Mar 24 | 2025-03-24 | 0.13 | — | — |
| Q4 2024 · Dec 31 | 2024-12-31 | 0.00 | −0.03 | −96.14% |
| Q3 2024 | 2024-09-30 | 0.04 | — | — |
| Q2 2024 | 2024-06-30 | 0.04 | — | — |
| Q4 2023 | 2023-12-31 | 0.04 | −0.02 | −32.49% |
| Q4 2022 | 2022-12-31 | 0.05 | 0.05 | +1460.03% |
| Q4 2021 | 2021-12-31 | 0.00 | −0.00 | −37.93% |
| Q4 2020 | 2020-12-31 | 0.01 | −0.03 | −83.07% |
| Q2 2020 | 2020-06-30 | 0.01 | — | — |
| Q4 2019 | 2019-12-31 | 0.03 | −0.06 | −63.59% |
| Q4 2018 | 2018-12-31 | 0.09 | 0.06 | +276.01% |
| Q4 2017 | 2017-12-31 | 0.02 | — | — |
Caledonia Mining debt-to-equity ratio trends
Over the last five fiscal years, Caledonia Mining's debt-to-equity ratio increased from 0.01 to 0.13, a change of 0.12. The latest reported quarter, Q2 2026, shows 0.40.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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