Mineros (BOG:MINEROS) Cash-to-Debt : 1.74 (As of Dec. 2023)

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What is Mineros Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Mineros's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.74.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Mineros could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Mineros's Cash-to-Debt or its related term are showing as below:

BOG:MINEROS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.5 Max: 1.74
Current: 1.74

During the past 13 years, Mineros's highest Cash to Debt Ratio was 1.74. The lowest was 0.16. And the median was 0.50.

BOG:MINEROS's Cash-to-Debt is ranked worse than
64.49% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.37 vs BOG:MINEROS: 1.74

Mineros Cash-to-Debt Historical Data

The historical data trend for Mineros's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Mineros Cash-to-Debt Chart

Mineros Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.24

0.88

1.15

1.06

1.74

Mineros Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.06	0.73	1.12	0.98	1.74

Competitive Comparison of Mineros's Cash-to-Debt

For the Gold subindustry, Mineros's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Mineros's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mineros's Cash-to-Debt falls into.

Mineros Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Mineros's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	228800.488	/	(54372.359	+	77010.486)
	=	1.74

Mineros's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	228800.488	/	(54372.359	+	77010.486)
	=	1.74

Mineros (BOG:MINEROS) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Mineros Cash-to-Debt Related Terms

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

Mineros (BOG:MINEROS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mineros SA (BOG:MINEROS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MSA:Canada

Address

Cra 43 A No 14-109, Ed. NovaTempo, Piso 6, Medellin, COL

Website

http://www.mineros.com.co

Mineros SA is a Latin American gold mining company. The company has a diversified asset base, with mines in Colombia, Nicaragua and Argentina and a pipeline of development and exploration projects throughout the region. In Colombia, Nechi Aluvial is a mining property located in the Lower Cauca Region of Antioquia, in northwestern Colombia. In Nicaragua, it owns Hemco, a mining operation located in Bonanza, a municipality in the Caribbean Coast, in the northeastern part of the country, where it has an underground mine and an artisanal mining program. The property in Argentina, Gualcamayo has an open pit and an underground operation. In Chile, it has the La Pepa Greenfield project with Yamana, in the region of Copiapo, in the northern part of the country.

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