Sociedad Minera Corona (LIM:MINCORI1) Cash-to-Debt : 0.07 (As of Dec. 2022)

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What is Sociedad Minera Corona 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. Sociedad Minera Corona's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.07.

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, Sociedad Minera Corona couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

LIM:MINCORI1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 4.74 Max: 258.85
Current: 0.23

During the past 8 years, Sociedad Minera Corona's highest Cash to Debt Ratio was 258.85. The lowest was 0.07. And the median was 4.74.

LIM:MINCORI1's Cash-to-Debt is ranked worse than
83.02% of 2650 companies
in the Metals & Mining industry
Industry Median: 17.81 vs LIM:MINCORI1: 0.23

Sociedad Minera Corona Cash-to-Debt Historical Data

The historical data trend for Sociedad Minera Corona'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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Sociedad Minera Corona Cash-to-Debt Chart

Sociedad Minera Corona Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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110.12

258.97

41.34

0.07

0.23

Sociedad Minera Corona Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Dec22	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															218.32	41.34	2.43	0.07	0.23

Competitive Comparison of Sociedad Minera Corona's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Sociedad Minera Corona'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.

Sociedad Minera Corona's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sociedad Minera Corona's Cash-to-Debt falls into.

Sociedad Minera Corona 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.

Sociedad Minera Corona'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)
	=	31.103	/	(16.81	+	117.353)
	=	0.23

Sociedad Minera Corona's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	7.854	/	(101.885	+	9.698)
	=	0.07

Sociedad Minera Corona (LIM:MINCORI1) 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.

Sociedad Minera Corona Cash-to-Debt Related Terms

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

Sociedad Minera Corona (LIM:MINCORI1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Corona SA (LIM:MINCORI1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. Pedro de Osma Nro. 450, Barranco, Lima, PER

Website

http://www.mineracorona.com.pe

Sociedad Minera Corona SA explores and extracts minerals to produce copper concentrates, silver, lead, and zinc. The company has two production unit namely Yauricocha, located in the department of Lima province of Yauyos and Carolina, located in the department of Cajamarca province of Hualgayoc.

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