Caledonia Mining (CMCL) Debt to Equity (2016 - 2026)

Caledonia Mining (CMCL) posted quarterly Debt to Equity of $0.13 for Q1 2026, up 211.1% YoY from $0.04 in Q1 2025, and up 466.29% sequentially from $0.02 in Q4 2025.

Caledonia Mining (CMCL) Debt to Equity (2016 - 2026) Analysis & Trends

Caledonia Mining has disclosed Debt to Equity across 10 years of filings, most recently posting $0.13 for Q1 2026.

  • In Q1 2026, Debt to Equity rose 211.1% year-over-year to $0.13; the TTM figure through Mar 2026 stood at $0.13 (up 211.1% YoY), while the FY2025 annual figure was $0.02, up 548.56% from the prior year.
  • Debt to Equity advanced to $0.13 in Q1 2026, from $0.02 in the prior quarter.
  • Over the last five years, Debt to Equity for CMCL reached as high as $0.13 in Q1 2026 and fell as low as $0.0 in Q2 2022.
  • The 5-year median for Debt to Equity is $0.03 (2023), against an average of $0.03.
  • Annual changes were most pronounced in 2022 — Debt to Equity plunged 96.65% — and 2023, when it jumped 4318.49%.
  • A 5-year view of Debt to Equity shows it stood at $0.05 in 2022, then tumbled by 93.42% to $0.0 in 2023, then rose by 22.94% to $0.0 in 2024, then soared by 548.56% to $0.02 in 2025, then jumped by 466.29% to $0.13 in 2026.
  • According to Business Quant data, Debt to Equity over the past three periods registered $0.13, $0.02, and $0.03 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 0.13
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn -
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 0.14
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 0.00
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn -
8 Gold Fields 30.19 Bn 28.41 Bn - 0.32
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 0.08
10 Caledonia Mining 3.20 Bn 3.06 Bn 32.10 Mn 0.13

Historic Data

Download Data
DateValue
Mar 31, 2026 0.13
Dec 31, 2025 0.02
Sep 30, 2025 0.03
Jun 30, 2025 0.00
Mar 31, 2025 0.04
Dec 31, 2024 0.00
Sep 30, 2024 0.04
Jun 30, 2024 0.04
Mar 31, 2024 0.03
Dec 31, 2023 0.00
Sep 30, 2023 0.03
Jun 30, 2023 0.03
Mar 31, 2023 0.02
Dec 31, 2022 0.05
Jun 30, 2022 0.00
Mar 31, 2022 0.03
Dec 31, 2021 0.02
Jun 30, 2021 0.02
Sep 30, 2020 0.00
Jun 30, 2020 0.01