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CoTec Holdings (TSXV:CTH) Cash-to-Debt : 0.55 (As of Sep. 2024)


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What is CoTec Holdings 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. CoTec Holdings's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.55.

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, CoTec Holdings 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 CoTec Holdings's Cash-to-Debt or its related term are showing as below:

TSXV:CTH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: 0.19   Max: No Debt
Current: 0.55

During the past 13 years, CoTec Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.19.

TSXV:CTH's Cash-to-Debt is ranked worse than
65.87% of 1459 companies
in the Asset Management industry
Industry Median: 5.53 vs TSXV:CTH: 0.55

CoTec Holdings Cash-to-Debt Historical Data

The historical data trend for CoTec Holdings'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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CoTec Holdings Cash-to-Debt Chart

CoTec Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 No Debt No Debt 0.15 0.53

CoTec Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.53 0.14 0.42 0.55

Competitive Comparison of CoTec Holdings's Cash-to-Debt

For the Asset Management subindustry, CoTec Holdings'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.


CoTec Holdings's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CoTec Holdings's Cash-to-Debt distribution charts can be found below:

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



CoTec Holdings 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.

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

CoTec Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

* 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.


CoTec Holdings  (TSXV:CTH) 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.


CoTec Holdings Cash-to-Debt Related Terms

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CoTec Holdings Business Description

Traded in Other Exchanges
Address
755 Burrard Street, Suite 428, Vancouver, BC, CAN, V6E 1V6
CoTec Holdings Corp focuses on investments in disruptive and scalable technology in the mineral extraction industry and, in parallel, acquiring assets to which the technology could be applied.
Executives
Abraham Jonker Senior Officer
Sharon Ellen Fay Director
Margot Naudie Director
Julian A. Treger Director

CoTec Holdings Headlines

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