CDELF (Candelaria Mining) Cash-to-Debt : 0.04 (As of Jul. 2024)

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What is Candelaria 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. Candelaria Mining's cash to debt ratio for the quarter that ended in Jul. 2024 was 0.04.

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, Candelaria Mining couldn't pay off its debt using the cash in hand for the quarter that ended in Jul. 2024.

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

CDELF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 2.62 Max: No Debt
Current: 0.04

During the past 13 years, Candelaria Mining's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 2.62.

CDELF's Cash-to-Debt is ranked worse than
94.13% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs CDELF: 0.04

Candelaria Mining Cash-to-Debt Historical Data

The historical data trend for Candelaria 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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Candelaria Mining Cash-to-Debt Chart

Candelaria Mining Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Cash-to-Debt

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No Debt

0.76

2.78

0.54

0.09

Candelaria Mining Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash-to-Debt	Get a 7-Day Free Trial															0.30	0.13	0.03	0.09	0.04

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

For the Gold subindustry, Candelaria 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.

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

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

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

Candelaria 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.

Candelaria Mining's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	0.206	/	(2.382	+	0)
	=	0.09

Candelaria Mining's Cash to Debt Ratio for the quarter that ended in Jul. 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)
	=	0.091	/	(2.282	+	0)
	=	0.04

Candelaria Mining (OTCPK:CDELF) 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.

Candelaria Mining Cash-to-Debt Related Terms

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Candelaria Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Candelaria Mining Corp (OTCPK:CDELF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

29LN:Germany CAND:Canada

Address

1030 West Georgia, Suite 1012, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.candelariamining.com

Candelaria Mining Corp is a precious metals focused exploration and mining company. It has two gold projects in Mexico; the 100%-owned construction-ready high-grade Pinos gold project located in the state of Zacatecas, and the 100%-owned exploration stage Caballo Blanco project located in the state of Veracruz.