Cantex Mine Development (FRA:DHD) Cash-to-Debt : 91.57 (As of Jan. 2024)

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What is Cantex Mine Development 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. Cantex Mine Development's cash to debt ratio for the quarter that ended in Jan. 2024 was 91.57.

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, Cantex Mine Development could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

FRA:DHD' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.69 Med: No Debt Max: No Debt
Current: 91.3

During the past 13 years, Cantex Mine Development's highest Cash to Debt Ratio was No Debt. The lowest was 1.69. And the median was No Debt.

FRA:DHD's Cash-to-Debt is ranked better than
59.68% of 2649 companies
in the Metals & Mining industry
Industry Median: 17.59 vs FRA:DHD: 91.30

Cantex Mine Development Cash-to-Debt Historical Data

The historical data trend for Cantex Mine Development'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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Cantex Mine Development Cash-to-Debt Chart

Cantex Mine Development Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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17.92

15.36

12.66

10.76

5.13

Cantex Mine Development Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															1.69	2.26	6.87	5.13	91.57

Competitive Comparison of Cantex Mine Development's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Cantex Mine Development'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.

Cantex Mine Development's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Cantex Mine Development 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.

Cantex Mine Development's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	0.539	/	(0.105	+	0)
	=	5.13

Cantex Mine Development's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	2.747	/	(0.03	+	0)
	=	91.57

Cantex Mine Development (FRA:DHD) 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.

Cantex Mine Development Cash-to-Debt Related Terms

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Cantex Mine Development (FRA:DHD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cantex Mine Development Corp (FRA:DHD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CTXDF:USA CD:Canada

Address

203-1634 Harvey Avenue, Kelowna, BC, CAN, V1Y 6G2

Website

https://www.cantex.ca

Cantex Mine Development Corp is a Canada-based exploration-stage company. The principal activities of the company include the acquisition and exploration of mineral properties for commercial mineral deposits. The company holds an interest in several properties in Yemen including Al Hariqah (Gold) and Al Masna. Its exploration and mineral properties in Nevada. Cantex Mine holds an interest in a few claim blocks located in Yukon. The company operates through a single segment being Mineral Exploration. Geographically it operates in Canada, Yemen, and the United States of America, and the majority of its revenue is generated from Canada.

Cantex Mine Development (FRA:DHD) Headlines

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