Koryx Copper (TSXV:KRY) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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

TSXV:KRY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 7.69 Max: No Debt
Current: No Debt

During the past 13 years, Koryx Copper's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 7.69.

TSXV:KRY's Cash-to-Debt is ranked better than
99.96% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.62 vs TSXV:KRY: No Debt

Koryx Copper Cash-to-Debt Historical Data

The historical data trend for Koryx 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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Koryx Copper Cash-to-Debt Chart

Koryx Copper Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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0.03

0.01

No Debt

Koryx Copper Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, Koryx 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.

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

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

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

Koryx 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.

Koryx Copper's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Koryx Copper had no debt ⁽¹⁾.

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

Koryx Copper had no debt ⁽¹⁾.

Koryx Copper (TSXV:KRY) 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.

Koryx Copper Cash-to-Debt Related Terms

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

Koryx Copper (TSXV:KRY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Koryx Copper Inc (TSXV:KRY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KRYXF:USA DSD0:Germany

Address

700 West Georgia Street, Suite 888, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.deepsouthresources.com

Koryx Copper Inc formerly, Deep-South Resources Inc is a Provider of mineral exploration services based in Vancouver, Canada. The company specializes in delivering comprehensive mineral exploration solutions, from prospecting and drilling to geological analysis and resource assessment with a mission of high-quality assets located in mineralized zones conveniently situated near existing infrastructure within stable countries, thereby delivering reliable data, facilitating sound investment decisions, and contributing to sustainable resource development responsibly.

Executives

Pierre Leveille

Senior Officer

Koryx Copper (TSXV:KRY) Headlines

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Koryx Copper (TSXV:KRY) Cash-to-Debt : No Debt (1) (As of Feb. 2024)