Canamera Energy Metals (XCNQ:EMET) Cash-to-Debt : 18.33 (As of Jan. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Canamera Energy 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. Canamera Energy Metals's cash to debt ratio for the quarter that ended in Jan. 2024 was 18.33.

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, Canamera Energy Metals could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

XCNQ:EMET' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.86 Med: 30.88 Max: 40
Current: 18.33

During the past 5 years, Canamera Energy Metals's highest Cash to Debt Ratio was 40.00. The lowest was 8.86. And the median was 30.88.

XCNQ:EMET's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 17.81 vs XCNQ:EMET: 18.33

Canamera Energy Metals Cash-to-Debt Historical Data

The historical data trend for Canamera Energy 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.

* Premium members only.

Canamera Energy Metals Cash-to-Debt Chart

Canamera Energy Metals Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

N/A

8.86

39.50

33.17

21.58

Canamera Energy Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															25.92	21.58	20.75	19.17	18.33

Competitive Comparison of Canamera Energy Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Canamera Energy 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.

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

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

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

Canamera Energy 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.

Canamera Energy Metals's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	0.259	/	(0.012	+	0)
	=	21.58

Canamera Energy Metals's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	0.22	/	(0.012	+	0)
	=	18.33

Canamera Energy Metals (XCNQ:EMET) 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.

Canamera Energy Metals Cash-to-Debt Related Terms

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

Canamera Energy Metals (XCNQ:EMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canamera Energy Metals Corp (XCNQ:EMET) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3

Website

Canamera Energy Metals Corp is a resource exploration company that is acquiring and exploring mineral properties. The company is focused on the exploration of its Mantle Property in British Columbia. It has one reportable operating segment, being the acquisition and exploration of mineral properties in Canada.

Canamera Energy Metals (XCNQ:EMET) Headlines

No Headlines