Conifex Timber (TSX:CFF) Cash-to-Debt

: 0.07 (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. Conifex Timber's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.07.

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

TSX:CFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.09 Max: 0.18
Current: 0.07

During the past 13 years, Conifex Timber's highest Cash to Debt Ratio was 0.18. The lowest was 0.00. And the median was 0.09.

TSX:CFF's Cash-to-Debt is ranked worse than
81.27% of 283 companies
in the Forest Products industry
Industry Median: 0.34 vs TSX:CFF: 0.07

Conifex Timber Cash-to-Debt Historical Data

The historical data trend for Conifex Timber'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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Conifex Timber Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.18

0.11

0.13

0.07

Conifex Timber 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																0.13	0.08	0.07	0.05	0.07

Competitive Comparison

For the Lumber & Wood Production subindustry, Conifex Timber'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.

Conifex Timber Cash-to-Debt Distribution

For the Forest Products industry and Basic Materials sector, Conifex Timber's Cash-to-Debt distribution charts can be found below:

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

Conifex Timber 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.

Conifex Timber'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)
	=	4.191	/	(16.266	+	47.584)
	=	0.07

Conifex Timber'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)
	=	4.191	/	(16.266	+	47.584)
	=	0.07

Conifex Timber (TSX:CFF) 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.

Conifex Timber Cash-to-Debt Related Terms

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Conifex Timber (TSX:CFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Conifex Timber Inc (TSX:CFF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CFXTF:USA 5CA:Germany

Address

980-700 West Georgia Street, Vancouver, BC, CAN, V7Y 1B6

Website

https://www.conifex.com

Conifex Timber Inc is a Canada-based forestry company. It operates through two segments: Lumber and Bioenergy. The main activities of the lumbar segment include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing. The firm's primary activities in the bioenergy segment are the generation of electrical power and the development of other opportunities in bioenergy and bioproducts which are complementary to the company's harvesting and manufacturing operations. The firm's main activities areas are the United States, Chinese, Canadian and Japanese markets. The revenues are generated from lumber in the United States of America.

Executives

John Michael Costello

Director

Conifex Timber (TSX:CFF) Headlines

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