Canterra Minerals (Canterra Minerals) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Canterra Minerals 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. Canterra Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 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, Canterra Minerals could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Canterra Minerals's Cash-to-Debt or its related term are showing as below:

CTMCF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Canterra Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was No Debt.

CTMCF's Cash-to-Debt is ranked better than
99.92% of 2635 companies
in the Metals & Mining industry
Industry Median: 17.77 vs CTMCF: No Debt

Canterra Minerals Cash-to-Debt Historical Data

The historical data trend for Canterra Minerals'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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Canterra Minerals Cash-to-Debt Chart

Canterra Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

No Debt

Canterra Minerals 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Canterra Minerals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Canterra Minerals'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.

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

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

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

Canterra Minerals 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.

Canterra Minerals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Canterra Minerals had no debt ⁽¹⁾.

Canterra Minerals's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Canterra Minerals had no debt ⁽¹⁾.

Canterra Minerals (OTCPK:CTMCF) 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.

Canterra Minerals Cash-to-Debt Related Terms

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Canterra Minerals (Canterra Minerals) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CTM:Canada

Address

625 Howe Street, Suite 580, Vancouver, BC, CAN, V6C 2T6

Website

https://www.canterraminerals.com

Canterra Minerals Corp is an exploration-stage company. It is engaged in the acquisition, exploration, and evaluation of mineral properties. The group primarily specializes in diamond exploration within the Northwest Territories. It holds an interest in projects and properties such as Wilding Lake Project, Marlin and Rex in the Northwest Territories, and Buffalo Hills in Alberta. It has one reportable operating segment, being the acquisition, exploration, and evaluation of mineral properties in Canada.