Caledonia Mining (CMCL) Equity Ratio (2009 - 2026)

Caledonia Mining (CMCL) posted quarterly Equity Ratio of 0.54 for Q1 2026, down 18.95% YoY from 0.67 in Q1 2025, and down 21.36% sequentially from 0.69 in Q4 2025.

Caledonia Mining (CMCL) Equity Ratio (2009 - 2026) Analysis & Trends

Caledonia Mining has disclosed Equity Ratio across 18 years of filings, most recently posting 0.54 for Q1 2026.

  • In Q1 2026, Equity Ratio fell 18.95% year-over-year to 0.54; the TTM figure through Mar 2026 stood at 0.54 (down 18.95% YoY), while the FY2025 annual figure was 0.69, up 2.28% from the prior year.
  • Equity Ratio eased to 0.54 in Q1 2026, from 0.69 in the prior quarter.
  • Over the last five years, Equity Ratio for CMCL reached as high as 0.73 in Q2 2022 and fell as low as 0.54 in Q1 2026.
  • The 5-year median for Equity Ratio is 0.68 (2024), against an average of 0.68.
  • Annual changes were most pronounced in 2025 — Equity Ratio climbed 7.92% — and 2026, when it declined 18.95%.
  • A 5-year view of Equity Ratio shows it stood at 0.67 in 2022, then gained by 1.85% to 0.68 in 2023, then declined by 1.44% to 0.67 in 2024, then gained by 2.28% to 0.69 in 2025, then decreased by 21.36% to 0.54 in 2026.
  • According to Business Quant data, Equity Ratio over the past three periods registered 0.54, 0.69, and 0.7 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 0.70
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn -
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 0.61
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 0.94
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 0.92
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 0.71
10 Caledonia Mining 3.20 Bn 3.06 Bn 32.10 Mn 0.54

Historic Data

Download Data
DateValue
Mar 31, 2026 0.54
Dec 31, 2025 0.69
Sep 30, 2025 0.70
Jun 30, 2025 0.67
Mar 31, 2025 0.67
Dec 31, 2024 0.67
Sep 30, 2024 0.68
Jun 30, 2024 0.62
Mar 31, 2024 0.63
Dec 31, 2023 0.68
Sep 30, 2023 0.71
Jun 30, 2023 0.66
Mar 31, 2023 0.70
Dec 31, 2022 0.67
Sep 30, 2022 0.73
Jun 30, 2022 0.73
Mar 31, 2022 0.72
Dec 31, 2021 0.65
Sep 30, 2021 0.73
Jun 30, 2021 0.73