Cornish Metals (TSXV:CUSN) Cash-to-Debt

: No Debt ⁽¹⁾ (As of Oct. 2023)

View and export this data going back to 1982. Start your Free Trial

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. Cornish Metals'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, Cornish Metals 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 Cornish Metals's Cash-to-Debt or its related term are showing as below:

TSXV:CUSN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 733.49 Max: 58214
Current: 34216

During the past 13 years, Cornish Metals's highest Cash to Debt Ratio was 58214.00. The lowest was 0.15. And the median was 733.49.

TSXV:CUSN's Cash-to-Debt is ranked better than
99.96% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs TSXV:CUSN: 34216.00

Cornish Metals Cash-to-Debt Historical Data

The historical data trend for Cornish Metals'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.

* Premium members only.

Cornish Metals Annual Data

Trend

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Cash-to-Debt

Get a 7-Day Free Trial

1.44

0.56

0.35

0.23

1,699.40

Cornish Metals 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															30,091.00	58,214.00	No Debt	No Debt	No Debt

Competitive Comparison

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

Cornish Metals Cash-to-Debt Distribution

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

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

Cornish Metals 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.

Cornish Metals's Cash to Debt Ratio for the fiscal year that ended in Jan. 2022 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)
	=	8.497	/	(0.004	+	0.001)
	=	1,699.40

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

Cornish Metals had no debt ⁽¹⁾.

Cornish Metals (TSXV:CUSN) 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.

Cornish Metals Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Cornish Metals's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Cornish Metals (TSXV:CUSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cornish Metals Inc (TSXV:CUSN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SBWFF:USA CUSN:UK ZYR1:Germany

Address

789 West Pender Street, Suite 960, Vancouver, BC, CAN, V6C 1H2

Website

https://www.cornishmetals.com

Cornish Metals Inc is building a portfolio of strategic metals assets in North America and the United Kingdom, and its flagship project is the past-producing South Crofty underground tin mine in Cornwall, UK. South Crofty is arguably the important historical tin mine in the UK and hosts the highest grade tin resources world wide. The project has the potential to be a high-grade tin producer in Europe.

Cornish Metals (TSXV:CUSN) Headlines

No Headlines