Hispania Resources (TSXV:ESPN) Cash-to-Debt

: 11.20 (As of Sep. 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. Hispania Resources's cash to debt ratio for the quarter that ended in Sep. 2023 was 11.20.

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, Hispania Resources could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Hispania Resources's Cash-to-Debt or its related term are showing as below:

TSXV:ESPN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.6 Med: 16.61 Max: No Debt
Current: 11.2

During the past 3 years, Hispania Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.60. And the median was 16.61.

TSXV:ESPN's Cash-to-Debt is ranked worse than
53.74% of 2633 companies
in the Metals & Mining industry
Industry Median: 18.1 vs TSXV:ESPN: 11.20

Hispania Resources Cash-to-Debt Historical Data

The historical data trend for Hispania Resources'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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Hispania Resources Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

16.61

1.66

Hispania Resources Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt						19.67	1.66	1.27	0.60	11.20

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Hispania Resources'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.

Hispania Resources Cash-to-Debt Distribution

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

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

Hispania Resources 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.

Hispania Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.093	/	(0.056	+	0)
	=	1.66

Hispania Resources's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.112	/	(0.01	+	0)
	=	11.20

Hispania Resources (TSXV:ESPN) 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.

Hispania Resources Cash-to-Debt Related Terms

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Hispania Resources (TSXV:ESPN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Toronto Street, Suite 602, Toronto, ON, CAN, M5C 2E3

Website

http://www.hispaniaresources.com

Hispania Resources Inc is an exploration and development company. This Company is focused on the acquisition, exploration, and development of mining properties in Spain. This company is engaged in developing the long-term mining potential of its core asset, the Zinc, Copper enriched Puebla de la Reina (PBR) property in the low-risk and historic mining district of Extremadura in Southwest Spain.

Hispania Resources (TSXV:ESPN) Headlines

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