Centerra Gold (TSX:CG) Cash-to-Debt : 25.44 (As of Dec. 2023)

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What is Centerra 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. Centerra Gold's cash to debt ratio for the quarter that ended in Dec. 2023 was 25.44.

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, Centerra Gold 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 Centerra Gold's Cash-to-Debt or its related term are showing as below:

TSX:CG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 7.27 Max: 47.01
Current: 25.44

During the past 13 years, Centerra Gold's highest Cash to Debt Ratio was 47.01. The lowest was 0.32. And the median was 7.27.

TSX:CG's Cash-to-Debt is ranked better than
52.44% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSX:CG: 25.44

Centerra Gold Cash-to-Debt Historical Data

The historical data trend for Centerra 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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Centerra Gold Cash-to-Debt Chart

Centerra Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.48

29.01

47.01

38.12

25.44

Centerra Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															38.12	87.50	86.04	96.83	25.44

Competitive Comparison of Centerra Gold's Cash-to-Debt

For the Gold subindustry, Centerra 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.

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

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

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

Centerra 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.

Centerra Gold'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)
	=	826.124	/	(8.192	+	24.286)
	=	25.44

Centerra Gold'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)
	=	826.124	/	(8.192	+	24.286)
	=	25.44

Centerra Gold (TSX:CG) 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.

Centerra Gold Cash-to-Debt Related Terms

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Centerra Gold (TSX:CG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Centerra Gold Inc (TSX:CG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CGAU:USA GOU:Germany

Address

1 University Avenue, Suite 1500, Toronto, ON, CAN, M5J 2P1

Website

https://www.centerragold.com

Centerra Gold Inc a gold mining and exploration company engaged in the operation, exploration, development, and acquisition of gold properties in Asia, North America, and other markets worldwide. The company manages its reportable operating segments by a combination of geographic location and products. The Kyrgyz Republic segment includes the operations of the Kumtor Gold Project. The Turkish segment represents the development of the OksUt Project. The North America Gold- Copper segment represents the operations of the Mount Milligan Mine. The North America Molybdenum segment includes the operations of the Langeloth processing facility and the care and maintenance activities of the Endako and Thompson Creek Mines.

Executives

Wendy Wai Ting Kei

Director