Central Rand Gold (LSE:CRND) Cash-to-Debt : 0.03 (As of Jun. 2017)

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What is Central Rand Gold 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. Central Rand Gold's cash to debt ratio for the quarter that ended in Jun. 2017 was 0.03.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Central Rand Gold couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2017.

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

LSE:CRND' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.21 Max: 6.89
Current: 0.03

During the past 11 years, Central Rand Gold's highest Cash to Debt Ratio was 6.89. The lowest was 0.03. And the median was 0.21.

LSE:CRND's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 18.42 vs LSE:CRND: 0.03

Central Rand Gold Cash-to-Debt Historical Data

The historical data trend for Central Rand Gold'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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Central Rand Gold Cash-to-Debt Chart

Central Rand Gold Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Cash-to-Debt

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0.47

0.18

0.07

0.04

0.03

Central Rand Gold Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17
Cash-to-Debt	Get a 7-Day Free Trial												0.08	0.04	0.03	0.03	0.03

Competitive Comparison of Central Rand Gold's Cash-to-Debt

For the Gold subindustry, Central Rand Gold'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.

Central Rand Gold's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Central Rand Gold 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.

Central Rand Gold's Cash to Debt Ratio for the fiscal year that ended in Dec. 2016 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)
	=	0.392	/	(6.025	+	6.173)
	=	0.03

Central Rand Gold's Cash to Debt Ratio for the quarter that ended in Jun. 2017 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)
	=	0.346	/	(6.2	+	6.753)
	=	0.03

Central Rand Gold (LSE:CRND) 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.

Central Rand Gold Cash-to-Debt Related Terms

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

Central Rand Gold (LSE:CRND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Central Rand Gold Ltd (LSE:CRND) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Trafalgar Court, 2nd Floor, East Wing, Admiral Park, St Peter Port, GGY, GY13HU

Website

http://www.centralrandgold.com

Central Rand Gold Ltd is a gold exploration and production group. It is engaged in a gold mining and exploration project that aims to bring profitable and sustainable gold mining back to the City of Johannesburg. The company plans to extract all profitable gold from its resource base using appropriate mining, processing, and environmentally friendly technologies. Central Rand Gold's current portfolio is the Consolidated Main Reef (CMR) operations which have been split into CMR West and CMR East and the Crown Mines development. CMR West is Central Rand Gold's first mining target area. It comprises an operational underground and opencast gold mine that utilizes conventional opencast stopping and extraction methods.

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