Conroy Gold and Natural Resources (LSE:CGNR) Cash-to-Debt : 1.71 (As of Nov. 2023)

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What is Conroy Gold and Natural Resources 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. Conroy Gold and Natural Resources's cash to debt ratio for the quarter that ended in Nov. 2023 was 1.71.

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, Conroy Gold and Natural Resources could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

LSE:CGNR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.55 Max: No Debt
Current: 1.71

During the past 13 years, Conroy Gold and Natural Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 0.55.

LSE:CGNR's Cash-to-Debt is ranked worse than
64.66% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs LSE:CGNR: 1.71

Conroy Gold and Natural Resources Cash-to-Debt Historical Data

The historical data trend for Conroy Gold and Natural Resources'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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Conroy Gold and Natural Resources Cash-to-Debt Chart

Conroy Gold and Natural Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

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0.14

0.12

2.94

2.32

3.55

Conroy Gold and Natural Resources Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															1.41	2.32	5.89	3.55	1.71

Competitive Comparison of Conroy Gold and Natural Resources's Cash-to-Debt

For the Gold subindustry, Conroy Gold and Natural Resources'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.

Conroy Gold and Natural Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Conroy Gold and Natural Resources's Cash-to-Debt falls into.

Conroy Gold and Natural Resources 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.

Conroy Gold and Natural Resources's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	0.486	/	(0.119	+	0.018)
	=	3.55

Conroy Gold and Natural Resources's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	0.228	/	(0.119	+	0.014)
	=	1.71

Conroy Gold and Natural Resources (LSE:CGNR) 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.

Conroy Gold and Natural Resources Cash-to-Debt Related Terms

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Conroy Gold and Natural Resources (LSE:CGNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Conroy Gold and Natural Resources PLC (LSE:CGNR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FKV1:Germany

Address

3300 Lake Drive, Citywest Business Campus, Dublin, IRL, D24 TD21

Website

http://www.conroygold.com

Conroy Gold and Natural Resources PLC is a mineral exploration company. It is focused on the exploration and development of gold and a hundred per cent owned licenses in Ireland, within the Longford-Down Massif deposit. The firm's main objective is to make substantial returns for shareholders through the discovery and development of economic gold deposits in the North of Ireland and in Northern Finland. Its projects include gold antimony results from Clontibret, new gold mineralization at Glenish and gold-in bedrock at Slieve Glah. The business operates in two segments being Irish exploration assets: gold exploration assets in Ireland; and Finnish exploration assets: gold exploration assets in Finland.

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