Kodiak Copper (TSXV:KDK) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Kodiak Copper 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. Kodiak Copper's cash to debt ratio for the quarter that ended in Mar. 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, Kodiak Copper could pay off its debt using the cash in hand for the quarter that ended in Mar. 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 Kodiak Copper's Cash-to-Debt or its related term are showing as below:

TSXV:KDK' s Cash-to-Debt Range Over the Past 10 Years
Min: 70.78 Med: No Debt Max: No Debt
Current: 70.78

During the past 13 years, Kodiak Copper's highest Cash to Debt Ratio was No Debt. The lowest was 70.78. And the median was No Debt.

TSXV:KDK's Cash-to-Debt is ranked better than
58.56% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs TSXV:KDK: 70.78

Kodiak Copper Cash-to-Debt Historical Data

The historical data trend for Kodiak Copper'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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Kodiak Copper Cash-to-Debt Chart

Kodiak Copper Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

83.48

297.80

264.63

169.08

Kodiak Copper Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															130.83	279.68	169.08	100.75	No Debt

Competitive Comparison of Kodiak Copper's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Kodiak Copper'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.

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

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

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

Kodiak Copper 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.

Kodiak Copper'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)
	=	6.763	/	(0	+	0.04)
	=	169.08

Kodiak Copper's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Kodiak Copper had no debt ⁽¹⁾.

Kodiak Copper (TSXV:KDK) 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.

Kodiak Copper Cash-to-Debt Related Terms

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

Kodiak Copper (TSXV:KDK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kodiak Copper Corp (TSXV:KDK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KDKCF:USA 5DD1:Germany

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.kodiakcoppercorp.com

Kodiak Copper Corp is focused on its 100% owned copper porphyry projects in Canada and the USA. The company's asset includes the MPD copper-gold porphyry project in the prolific Quesnel Trough in southern British Columbia, Canada, where the firm made a high-grade discovery at the Gate Zone, which is part of a zoned, copper-gold enriched envelope of significant size. Kodiak also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the Bagdad mine. Both of Kodiak's porphyry projects have been historically drilled.

Executives

Christopher Neil Akehurst Taylor

Director, Senior Officer

Kodiak Copper (TSXV:KDK) Headlines

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Kodiak Copper (TSXV:KDK) Cash-to-Debt : No Debt (1) (As of Mar. 2024)