Corpus Resources (LSE:COR) Cash-to-Debt : 0.00 (As of Jun. 2024)

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What is Corpus Resources 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. Corpus Resources's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.00.

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, Corpus Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

During the past 8 years, Corpus Resources's highest Cash to Debt Ratio was 2.76. The lowest was 0.00. And the median was 0.07.

LSE:COR's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.53
* Ranked among companies with meaningful Cash-to-Debt only.

Corpus Resources Cash-to-Debt Historical Data

The historical data trend for Corpus Resources'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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Corpus Resources Cash-to-Debt Chart

Corpus Resources Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.07

0.01

Corpus Resources Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial											0.04	0.01	-	-	-

Competitive Comparison of Corpus Resources's Cash-to-Debt

For the Oil & Gas E&P subindustry, Corpus Resources'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.

Corpus Resources's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Corpus Resources's Cash-to-Debt distribution charts can be found below:

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

Corpus Resources 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.

Corpus Resources'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)
	=	0.001	/	(1.993	+	0)
	=	0.00

Corpus Resources's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.001	/	(2.04	+	0)
	=	0.00

Corpus Resources (LSE:COR) 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.

Corpus Resources Cash-to-Debt Related Terms

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Corpus Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Corpus Resources PLC (LSE:COR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

71-91 Aldwych House, London, GBR, WC2B 4HN

Website

https://www.corpusresources.com

Corpus Resources PLC upstream energy and resources company focused on the natural resources space, specifically, the oil and gas sector, although, resource mining projects.