Orosur Mining (LSE:OMI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Orosur Mining 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. Orosur Mining's cash to debt ratio for the quarter that ended in Feb. 2024 was No Debt ⁽¹⁾.

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, Orosur Mining could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

(1) 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.

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

LSE:OMI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.54 Med: 23.95 Max: No Debt
Current: No Debt

During the past 13 years, Orosur Mining's highest Cash to Debt Ratio was No Debt. The lowest was 0.54. And the median was 23.95.

LSE:OMI's Cash-to-Debt is ranked better than
99.92% of 2634 companies
in the Metals & Mining industry
Industry Median: 17.92 vs LSE:OMI: No Debt

Orosur Mining Cash-to-Debt Historical Data

The historical data trend for Orosur Mining'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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Orosur Mining Cash-to-Debt Chart

Orosur Mining Annual Data

Trend

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May23

Cash-to-Debt

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No Debt

Orosur Mining Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Orosur Mining's Cash-to-Debt

For the Gold subindustry, Orosur Mining'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.

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

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

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

Orosur Mining 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.

Orosur Mining's Cash to Debt Ratio for the fiscal year that ended in May. 2023 is calculated as:

Orosur Mining had no debt ⁽¹⁾.

Orosur Mining's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Orosur Mining had no debt ⁽¹⁾.

Orosur Mining (LSE:OMI) 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.

Orosur Mining Cash-to-Debt Related Terms

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Orosur Mining (LSE:OMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orosur Mining Inc (LSE:OMI) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

OROXF:USA OMI.GB:UK OMI:Canada

Address

82 Richmond Street East, 1st Floor, Toronto, ON, CAN, M5C 1P1

Website

https://www.orosur.ca

Orosur Mining Inc is a South American-focused gold development and exploration company. In Colombia, the company wholly owns the Anza exploration gold project located in the Middle Cauca Belt in Antioquia, Colombia which hosts such projects as Buritica, Titiribi, Marmato and La Colosa. The company is only engaged in the Ariquemes Project located in Brazil, and the El Pantano Project located in Argentina. The segment additionally includes the evaluation of mining asset acquisitions throughout Latin America.