Callinex Mines (TSXV:CNX) Cash-to-Debt : 3.28 (As of Jun. 2024)

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What is Callinex Mines 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. Callinex Mines's cash to debt ratio for the quarter that ended in Jun. 2024 was 3.28.

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, Callinex Mines could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

TSXV:CNX' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.39 Med: No Debt Max: No Debt
Current: 3.28

During the past 13 years, Callinex Mines's highest Cash to Debt Ratio was No Debt. The lowest was 1.39. And the median was No Debt.

TSXV:CNX's Cash-to-Debt is ranked worse than
60.12% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs TSXV:CNX: 3.28

Callinex Mines Cash-to-Debt Historical Data

The historical data trend for Callinex Mines'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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Callinex Mines Cash-to-Debt Chart

Callinex Mines Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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No Debt

3.71

19.14

9.85

47.80

Callinex Mines Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															68.38	47.80	14.65	13.35	3.28

Competitive Comparison of Callinex Mines's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Callinex Mines'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.

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

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

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

Callinex Mines 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.

Callinex Mines's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	2.151	/	(0.045	+	0)
	=	47.80

Callinex Mines'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)
	=	0.131	/	(0	+	0.04)
	=	3.28

Callinex Mines (TSXV:CNX) 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.

Callinex Mines Cash-to-Debt Related Terms

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Callinex Mines Business Description

Industry

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

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CLLXF:USA CAXA:Germany

Address

1100 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.callinex.ca

Callinex Mines Inc is a Canada-based company, which is engaged in the acquisition, exploration, and development of exploration and evaluation assets. It focuses on carrying out exploration activities in the Flin Flon, Point Leamington, Nash Creek, Superjack, and other projects.

Executives