Commerce Resources (TSXV:CCE) Cash-to-Debt : 9.23 (As of Jan. 2025)

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What is Commerce 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. Commerce Resources's cash to debt ratio for the quarter that ended in Jan. 2025 was 9.23.

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, Commerce Resources could pay off its debt using the cash in hand for the quarter that ended in Jan. 2025.

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

TSXV:CCE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.89 Med: No Debt Max: No Debt
Current: 9.23

During the past 13 years, Commerce Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.89. And the median was No Debt.

TSXV:CCE's Cash-to-Debt is ranked worse than
54.48% of 2581 companies
in the Metals & Mining industry
Industry Median: 20.95 vs TSXV:CCE: 9.23

Commerce Resources Cash-to-Debt Historical Data

The historical data trend for Commerce 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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Commerce Resources Cash-to-Debt Chart

Commerce Resources Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Cash-to-Debt

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No Debt

3.66

32.66

30.58

Commerce Resources Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Cash-to-Debt	Get a 7-Day Free Trial															28.71	21.33	72.23	30.58	9.23

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

For the Other Industrial Metals & Mining subindustry, Commerce 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.

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

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

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

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Commerce 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.

Commerce Resources's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	2.813	/	(0.035	+	0.057)
	=	30.58

Commerce Resources's Cash to Debt Ratio for the quarter that ended in Jan. 2025 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)
	=	0.766	/	(0.036	+	0.047)
	=	9.23

Commerce Resources (TSXV:CCE) 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.

Commerce Resources Cash-to-Debt Related Terms

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

Commerce Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Commerce Resources Corp (TSXV:CCE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CMRZF:USA D7H0:Germany D7H0:Germany

Address

789 West Pender, Suite 1450, Vancouver, BC, CAN, V6C 1H2

Website

https://www.commerceresources.com

Commerce Resources Corp is a junior mineral resource company focused on developing the Ashram Rare Earth and Fluorspar Deposit located within their Eldor Property in northern Quebec, Canada. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favorable grade, and has demonstrated the production of high-grade mineral concentrates at high recovery. The Ashram Deposit also has a fluorspar component which could be a long-term supplier to the met-spar and acid-spar markets. The Company is focused on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the market.

Executives

Ross Carroll	Senior Officer
Jody Dahrouge	Director
Chris Grove	Director
David Hodge	Director, Senior Officer
Zimtu Capital Corp.	10% Security Holder

Commerce Resources Headlines

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