Teako Minerals (XCNQ:TMIN) Cash-to-Debt : 0.80 (As of Apr. 2024)

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What is Teako Minerals 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. Teako Minerals's cash to debt ratio for the quarter that ended in Apr. 2024 was 0.80.

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, Teako Minerals couldn't pay off its debt using the cash in hand for the quarter that ended in Apr. 2024.

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

XCNQ:TMIN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: No Debt Max: No Debt
Current: 0.8

During the past 4 years, Teako Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.40. And the median was No Debt.

XCNQ:TMIN's Cash-to-Debt is ranked worse than
70.8% of 2634 companies
in the Metals & Mining industry
Industry Median: 18.48 vs XCNQ:TMIN: 0.80

Teako Minerals Cash-to-Debt Historical Data

The historical data trend for Teako Minerals'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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Teako Minerals Cash-to-Debt Chart

Teako Minerals Annual Data

Trend

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

No Debt

0.40

Teako Minerals Quarterly Data
	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Cash-to-Debt	Get a 7-Day Free Trial											No Debt	No Debt	1.58	0.40	0.80

Competitive Comparison of Teako Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Teako Minerals'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.

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

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

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

Teako Minerals 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.

Teako Minerals's Cash to Debt Ratio for the fiscal year 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)
	=	0.252	/	(0	+	0.637)
	=	0.40

Teako Minerals's Cash to Debt Ratio for the quarter that ended in Apr. 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)
	=	0.529	/	(0	+	0.661)
	=	0.80

Teako Minerals (XCNQ:TMIN) 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.

Teako Minerals Cash-to-Debt Related Terms

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Teako Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Teako Minerals Corp (XCNQ:TMIN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.teakominerals.com

Teako Minerals Corp is engaged in the acquisition, exploration, and evaluation of mineral property interests located in Canada. It is in the process of exploring its mineral property interest in British Columbia and has not yet determined whether it contains mineral reserves that are economically recoverable. The company's mineral property interest consists of the Pinnacle project under option located in British Columbia, Canada.

Executives

Fruchtexpress Grabher Gmbh & Co Kg	10% Security Holder
Owen Garfield	Director