Hemlo Explorers (Hemlo Explorers) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2023)

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What is Hemlo Explorers 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. Hemlo Explorers's cash to debt ratio for the quarter that ended in Oct. 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, Hemlo Explorers could pay off its debt using the cash in hand for the quarter that ended in Oct. 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 Hemlo Explorers's Cash-to-Debt or its related term are showing as below:

CNOBF' s Cash-to-Debt Range Over the Past 10 Years
Min: 21.42 Med: No Debt Max: No Debt
Current: 87

During the past 13 years, Hemlo Explorers's highest Cash to Debt Ratio was No Debt. The lowest was 21.42. And the median was No Debt.

CNOBF's Cash-to-Debt is ranked better than
58.99% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs CNOBF: 87.00

Hemlo Explorers Cash-to-Debt Historical Data

The historical data trend for Hemlo Explorers'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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Hemlo Explorers Cash-to-Debt Chart

Hemlo Explorers Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

133.05

101.62

55.40

Hemlo Explorers Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															59.00	55.40	78.75	271.00	No Debt

Competitive Comparison of Hemlo Explorers's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Hemlo Explorers'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.

Hemlo Explorers's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Hemlo Explorers 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.

Hemlo Explorers's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	0.277	/	(0.005	+	0)
	=	55.40

Hemlo Explorers's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

Hemlo Explorers had no debt ⁽¹⁾.

Hemlo Explorers (OTCPK:CNOBF) 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.

Hemlo Explorers Cash-to-Debt Related Terms

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Hemlo Explorers (Hemlo Explorers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hemlo Explorers Inc (OTCPK:CNOBF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

HMLO:Canada

Address

141 Adelaide Street West, Suite 301, Toronto, ON, CAN, M5H 3L5

Website

https://www.hemloexplorers.ca

Hemlo Explorers Inc is a Canada-based natural resource exploration and development company. Its project consists of the North-Limb; Belcher Islands Iron; and others.