Ecora Resources (LSE:ECOR) Cash-to-Debt : 0.09 (As of Dec. 2023)

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What is Ecora Resources 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. Ecora Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.09.

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, Ecora Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LSE:ECOR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.48 Max: No Debt
Current: 0.09

During the past 13 years, Ecora Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 0.48.

LSE:ECOR's Cash-to-Debt is ranked worse than
91.16% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs LSE:ECOR: 0.09

Ecora Resources Cash-to-Debt Historical Data

The historical data trend for Ecora Resources'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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Ecora Resources Cash-to-Debt Chart

Ecora Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.20

0.45

0.20

0.13

0.09

Ecora Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.20	0.51	0.13	0.13	0.09

Competitive Comparison of Ecora Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Ecora Resources'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.

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

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

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

Ecora Resources 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.

Ecora Resources'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)
	=	6.202	/	(0.348	+	67.401)
	=	0.09

Ecora Resources's Cash to Debt Ratio for the quarter 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)
	=	6.202	/	(0.348	+	67.401)
	=	0.09

Ecora Resources (LSE:ECOR) 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.

Ecora Resources Cash-to-Debt Related Terms

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

Ecora Resources (LSE:ECOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ecora Resources PLC (LSE:ECOR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ECRAF:USA ECORl:UK HGR:Germany ECOR:Canada

Address

Kent House, 14–17 Market Place, 3rd Floor North, London, GBR, W1W 8AJ

Website

https://www.ecora-resources.com

Ecora Resources PLC is engaged in obtaining royalties from a diversified portfolio focusing primarily on base metals and bulk materials. It focuses on commodities such as Copper; Nickel; Iron Ore; Gold; Cobalt; Vanadium; Met Coal and Uranium. Some of its assets include Voisey's Bay; Mantos Blancos; Maracas Menchen and others.