CBLT (TSXV:CBLT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is CBLT 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. CBLT's cash to debt ratio for the quarter that ended in Feb. 2024 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, CBLT could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSXV:CBLT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 13.74 Max: No Debt
Current: 4.45

During the past 13 years, CBLT's highest Cash to Debt Ratio was No Debt. The lowest was 0.43. And the median was 13.74.

TSXV:CBLT's Cash-to-Debt is ranked worse than
58.5% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.62 vs TSXV:CBLT: 4.45

CBLT Cash-to-Debt Historical Data

The historical data trend for CBLT'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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CBLT Cash-to-Debt Chart

CBLT Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.43

6.23

12.83

8.69

CBLT Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															12.57	8.69	8.46	5.17	No Debt

Competitive Comparison of CBLT's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, CBLT'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.

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

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

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

CBLT 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.

CBLT's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	0.504	/	(0.058	+	0)
	=	8.69

CBLT's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

CBLT had no debt ⁽¹⁾.

CBLT (TSXV:CBLT) 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.

CBLT Cash-to-Debt Related Terms

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

CBLT (TSXV:CBLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CBLT Inc (TSXV:CBLT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CBBLF:USA 1GN:Germany

Address

3310 South Service Road, Suite 200, Burlington, ON, CAN, L7N 3M6

Website

https://www.cbltinc.com

CBLT Inc is a Canada based mineral exploration company. The company is engaged in the business of acquiring, exploring, and dealing with mineral properties. Its exploration and evaluation assets include Copper Prince, Dryden Cobalt, Chilton Cobalt, Otto Lake, Geneva Lake, Gowganda, and others. All the company's activities are conducted in Canada.

Executives

Peter Michael Clausi

Director, Senior Officer

CBLT (TSXV:CBLT) Headlines

No Headlines

CBLT (TSXV:CBLT) Cash-to-Debt : No Debt (1) (As of Feb. 2024)