Cordoba Minerals (Cordoba Minerals) Cash-to-Debt

: 4.02 (As of Dec. 2023)

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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. Cordoba Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.02.

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, Cordoba Minerals could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

CDBMF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.6 Med: 30.91 Max: No Debt
Current: 4.02

During the past 13 years, Cordoba Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.60. And the median was 30.91.

CDBMF's Cash-to-Debt is ranked worse than
59.9% of 2631 companies
in the Metals & Mining industry
Industry Median: 18.2 vs CDBMF: 4.02

Cordoba Minerals Cash-to-Debt Historical Data

The historical data trend for Cordoba 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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Cordoba Minerals Annual Data

Trend

Apr14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.60

35.93

21.37

26.07

4.02

Cordoba Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																26.07	1.76	14.09	0.18	4.02

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Cordoba 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.

Cordoba Minerals Cash-to-Debt Distribution

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

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

Cordoba 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.

Cordoba Minerals'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)
	=	3.785	/	(0.3	+	0.642)
	=	4.02

Cordoba Minerals'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)
	=	3.785	/	(0.3	+	0.642)
	=	4.02

Cordoba Minerals (OTCPK:CDBMF) 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.

Cordoba Minerals Cash-to-Debt Related Terms

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Cordoba Minerals (Cordoba Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cordoba Minerals Corp (OTCPK:CDBMF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

7C6A:Germany CDB:Canada

Address

999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1

Website

https://www.cordobaminerals.com

Cordoba Minerals Corp is an exploration and development company. The principal business of the company is the acquisition, exploration, and development of precious and base metal properties. It is focused on projects located in Colombia and the United States. The geographical segments of the group are Canada, Colombia and the United States.

Cordoba Minerals (Cordoba Minerals) Headlines

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