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. Contango Ore's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.35.
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, Contango Ore 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 Contango Ore's Cash-to-Debt or its related term are showing as below:
CTGO'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: No Debt Max: No Debt
Current: 0.35
During the past 13 years, Contango Ore's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was No Debt.
Contango Ore Cash-to-Debt Historical Data
The historical data trend for Contango Ore'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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Contango Ore Annual Data
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Trend |
Jun14 |
Jun15 |
Jun16 |
Jun17 |
Jun18 |
Jun19 |
Jun20 |
Jun21 |
Jun22 |
Jun23 |
| Cash-to-Debt |
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No Debt |
No Debt |
No Debt |
1.20 |
0.46 |
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Contango Ore Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
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0.45 |
0.15 |
0.46 |
0.53 |
0.35 |
Competitive Comparison
For the Gold subindustry, Contango Ore'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.
Contango Ore Cash-to-Debt Distribution
For the Metals & Mining industry and Basic Materials sector, Contango Ore's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Contango Ore's Cash-to-Debt falls into.
Contango Ore 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.
Contango Ore's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:
Contango Ore's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* 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.
Contango Ore (Contango Ore) Business Description
Traded in Other Exchanges
Address
3700 Buffalo Speedway, Suite 925, Houston, TX, USA, 77098
Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska.
Executives
| Nieuwenhuyse Rick Van |
director, officer: President and CEO |
C/O TRILOGY METALS, 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4 |
| John B Juneau |
director, officer: President and CEO |
3700 BUFFALO SPEEDWAY, SUITE 960, HOUSTON TX 77098 |
| Joseph S Compofelice |
director |
24 WATERWAY AVENUE, STE 200, THE WOODLANDS TX 77380 |
| Richard Shortz |
director |
3700 BUFFALO SPEEDWAY, SUITE 925, HOUSTON TX 77098 |
| Michael Aaron Clark |
officer: Executive VP-Finance |
6202 OVERSTONE DR, WEST VANCOUVER Z4 V7W1X5 |
| Leah S Gaines |
officer: Chief Financial Officer |
3700 BUFFALO SPEEDWAY, SUITE 1010, HOUSTON TX 77098 |
| Curtis J. Freeman |
director |
3700 BUFFALO SPEEDWAY, STE. 925, HOUSTON TX 77098 |
| Royal Gold Inc |
10 percent owner |
1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
| Scott J. Reiman |
10 percent owner, other: Member of 10% owner group |
730 17TH STREET SUITE 800, DENVER CO 80202 |
| Kenneth R. Peak Marital Trust |
10 percent owner |
2 LONGFELLOW LANE, HOUSTON TX 77005 |
| Estate Of Kenneth R. Peak |
10 percent owner |
C/O CONTANGO OIL & GAS COMPANY, 3700 BUFFALO SPEEDWAY, SUITE 960, HOUSTON TX 77098 |
| Joseph G. Greenberg |
director |
3700 BUFFALO SPEEDWAY, STE 960, HOUSTON TX 77098 |
| Donald Gillen |
10 percent owner |
21 CAPILANO DRIVE, SASKATOON A9 S7K 4A4 |
| Hexagon, Llc |
10 percent owner, other: Member of 10% owner group |
730 SEVENTEENTH STREET, SUITE 800, DENVER CO 80202 |
| Sergio Castro |
officer: Vice President, CFO, Treasurer |
2019 MOUNTAIN CREEK, PEARLAND TX 77584 |
Contango Ore (Contango Ore) Headlines
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