Chibougamau Independent Mines (Chibougamau Independent Mines) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Chibougamau Independent Mines 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. Chibougamau Independent Mines's cash to debt ratio for the quarter that ended in Sep. 2023 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, Chibougamau Independent Mines could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(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 Chibougamau Independent Mines's Cash-to-Debt or its related term are showing as below:

CMAUF' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.33 Med: No Debt Max: No Debt
Current: No Debt

During the past 12 years, Chibougamau Independent Mines's highest Cash to Debt Ratio was No Debt. The lowest was 6.33. And the median was No Debt.

CMAUF's Cash-to-Debt is ranked better than
99.92% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs CMAUF: No Debt

Chibougamau Independent Mines Cash-to-Debt Historical Data

The historical data trend for Chibougamau Independent Mines'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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Chibougamau Independent Mines Cash-to-Debt Chart

Chibougamau Independent Mines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

24.65

No Debt

Chibougamau Independent Mines Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Chibougamau Independent Mines's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Chibougamau Independent Mines'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.

Chibougamau Independent Mines's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Chibougamau Independent Mines's Cash-to-Debt falls into.

Chibougamau Independent Mines 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.

Chibougamau Independent Mines's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Chibougamau Independent Mines had no debt ⁽¹⁾.

Chibougamau Independent Mines's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Chibougamau Independent Mines had no debt ⁽¹⁾.

Chibougamau Independent Mines (OTCPK:CMAUF) 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.

Chibougamau Independent Mines Cash-to-Debt Related Terms

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

Chibougamau Independent Mines (Chibougamau Independent Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chibougamau Independent Mines Inc (OTCPK:CMAUF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CLL1:Germany CBG:Canada

Address

86, 14th Street, Rouyn-Noranda, QC, CAN, J9X 2J1

Website

http://www.chibougamaumines.com

Chibougamau Independent Mines Inc is a natural resources exploration company. It is focused on reviving production in the Chibougamau gold-copper mining camp. It owns an interest in several exploration properties including Berrigan South and Berrigan Mine, Bateman Bay, Grandroy, Kokko Creek, Lac Simon, and others.

Chibougamau Independent Mines (Chibougamau Independent Mines) Headlines

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Chibougamau Independent Mines (Chibougamau Independent Mines) Cash-to-Debt : No Debt (1) (As of Sep. 2023)