Kinross Gold (TSX:K) Cash-to-Debt : 0.28 (As of Sep. 2024)

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What is Kinross Gold 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. Kinross Gold's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.28.

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, Kinross Gold couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSX:K' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.42 Max: 0.61
Current: 0.28

During the past 13 years, Kinross Gold's highest Cash to Debt Ratio was 0.61. The lowest was 0.16. And the median was 0.42.

TSX:K's Cash-to-Debt is ranked worse than
81.8% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs TSX:K: 0.28

Kinross Gold Cash-to-Debt Historical Data

The historical data trend for Kinross Gold'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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Kinross Gold Cash-to-Debt Chart

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.30

0.61

0.32

0.16

Kinross Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.16	0.18	0.23	0.28

Competitive Comparison of Kinross Gold's Cash-to-Debt

For the Gold subindustry, Kinross Gold'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.

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

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

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

Kinross Gold 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.

Kinross Gold'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)
	=	472.78	/	(13.55	+	3018.734)
	=	0.16

Kinross Gold's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	640.455	/	(609.164	+	1693.25)
	=	0.28

Kinross Gold (TSX:K) 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.

Kinross Gold Cash-to-Debt Related Terms

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Kinross Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (TSX:K) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KGC:USA KGC:Mexico 0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2.2 million gold equivalent ounces in 2023. The company had about a decade of gold reserves at the end of 2023. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.

Executives

Jonathan Paul Rollinson	Director, Senior Officer
William D. Dunford	Senior Officer
Laurence Davies	Senior Officer
Claude J.s. Schimper	Senior Officer
David C. Shaver	Senior Officer
Kathleen M. Grandy	Senior Officer
Nathan M. Longenecker	Senior Officer
Michiel Van Akkooi	Senior Officer
Geoffrey Peters Gold	Senior Officer
Andrea Susan Freeborough	Senior Officer
Michel Sylvestre	Senior Officer
Graeme M. Davis	Senior Officer
Paul Botond Stilicho Tomory	Senior Officer
Edward A. Opitz	Senior Officer
Scott J. Hicks	Senior Officer