Benz Mining (TSXV:BZ) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Benz Mining 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. Benz Mining's cash to debt ratio for the quarter that ended in Jan. 2024 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, Benz Mining could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

(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 Benz Mining's Cash-to-Debt or its related term are showing as below:

TSXV:BZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: No Debt Max: No Debt
Current: No Debt

During the past 12 years, Benz Mining's highest Cash to Debt Ratio was No Debt. The lowest was 0.22. And the median was No Debt.

TSXV:BZ's Cash-to-Debt is ranked better than
99.92% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs TSXV:BZ: No Debt

Benz Mining Cash-to-Debt Historical Data

The historical data trend for Benz Mining'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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Benz Mining Cash-to-Debt Chart

Benz Mining Annual Data

Trend

Apr14

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Apr17

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Apr19

Apr20

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Apr23

Cash-to-Debt

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No Debt

Benz Mining Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Benz Mining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Benz Mining'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.

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

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

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

Benz Mining 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.

Benz Mining's Cash to Debt Ratio for the fiscal year that ended in Apr. 2023 is calculated as:

Benz Mining had no debt ⁽¹⁾.

Benz Mining's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Benz Mining had no debt ⁽¹⁾.

Benz Mining (TSXV:BZ) 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.

Benz Mining Cash-to-Debt Related Terms

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Benz Mining (TSXV:BZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Benz Mining Corp (TSXV:BZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BENZF:USA 1VU:Germany BNZ:Australia

Address

1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9

Website

https://www.benzmining.com

Benz Mining Corp is a Canada-based gold exploration company. The company is engaged in the acquisition, exploration, and exploitation of mineral properties in the Americas. It acquires 100% of the Eastmain Gold Mine Project, a resource stage Au-Ag-Cu deposit in the James Bay Region, Quebec.