Kingfisher Metals (TSXV:KFR) Cash-to-Debt : 5.36 (As of Sep. 2024)

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What is Kingfisher Metals 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. Kingfisher Metals's cash to debt ratio for the quarter that ended in Sep. 2024 was 5.36.

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, Kingfisher Metals could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSXV:KFR' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.22 Med: No Debt Max: No Debt
Current: 5.36

During the past 5 years, Kingfisher Metals's highest Cash to Debt Ratio was No Debt. The lowest was 1.22. And the median was No Debt.

TSXV:KFR's Cash-to-Debt is ranked worse than
57.73% of 2581 companies
in the Metals & Mining industry
Industry Median: 20.95 vs TSXV:KFR: 5.36

Kingfisher Metals Cash-to-Debt Historical Data

The historical data trend for Kingfisher Metals'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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Kingfisher Metals Cash-to-Debt Chart

Kingfisher Metals Annual Data

Trend

Nov19

Nov20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

1.48

Kingfisher Metals Quarterly Data
	Nov19	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial												No Debt	1.48	1.22	9.95	5.36

Competitive Comparison of Kingfisher Metals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Kingfisher Metals'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.

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

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

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

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Kingfisher Metals 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.

Kingfisher Metals's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.226	/	(0.02	+	0.133)
	=	1.48

Kingfisher Metals's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.755	/	(0.031	+	0.11)
	=	5.35

Kingfisher Metals (TSXV:KFR) 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.

Kingfisher Metals Cash-to-Debt Related Terms

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Kingfisher Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

KGFMF:USA 9700:Germany

Address

1710 - 1050 W. Pender Street, Vancouver, BC, CAN, V6E 3S7

Website

https://www.kingfishermetals.com

Kingfisher Metals Corp is an exploration company focused on underexplored district-scale projects in British Columbia. It has three district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. Its projects include the Ecstall Project, the Goldrange Project, and the Thibert Project.

Executives

Alejandro Emiliano Gubbins Cox	10% Security Holder
Dustin Perry	Director, Senior Officer
Richard Bryan Trotman	Director

Kingfisher Metals Headlines

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