Corsa Coal (Corsa Coal) Cash-to-Debt : 0.53 (As of Dec. 2023)

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What is Corsa Coal 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. Corsa Coal's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.53.

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, Corsa Coal 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 Corsa Coal's Cash-to-Debt or its related term are showing as below:

CRSXF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.4 Max: 0.65
Current: 0.53

During the past 13 years, Corsa Coal's highest Cash to Debt Ratio was 0.65. The lowest was 0.15. And the median was 0.40.

CRSXF's Cash-to-Debt is ranked better than
56.73% of 617 companies
in the Steel industry
Industry Median: 0.43 vs CRSXF: 0.53

Corsa Coal Cash-to-Debt Historical Data

The historical data trend for Corsa Coal'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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Corsa Coal Cash-to-Debt Chart

Corsa Coal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.15

0.65

0.39

0.22

0.53

Corsa Coal 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	Get a 7-Day Free Trial															0.22	0.17	0.20	0.25	0.53

Competitive Comparison of Corsa Coal's Cash-to-Debt

For the Coking Coal subindustry, Corsa Coal'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.

Corsa Coal's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Corsa Coal's Cash-to-Debt distribution charts can be found below:

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

Corsa Coal 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.

Corsa Coal'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)
	=	11.37	/	(1.507	+	20.157)
	=	0.52

Corsa Coal'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)
	=	11.37	/	(1.507	+	20.157)
	=	0.52

Corsa Coal (OTCPK:CRSXF) 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.

Corsa Coal Cash-to-Debt Related Terms

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Corsa Coal (Corsa Coal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Corsa Coal Corp (OTCPK:CRSXF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

CSO:Canada

Address

1576 Stoystown Road, PO Box 260, Friedens, PA, USA, 15541

Website

https://www.corsacoal.com

Corsa Coal Corp is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. Its core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets. Its segments are Northern Appalachia (NAPP) and the company's corporate office. NAPP is a distinct operating segment based on its metallurgical coal operations and location in the U.S. along the Northern Appalachia coal belt. The company's corporate office provides support and manages the mining investments.

Corsa Coal (Corsa Coal) Headlines

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