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Colossus Resources (TSXV:CLUS) Financial Strength : 0 (As of Feb. 2025)


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What is Colossus Resources Financial Strength?

Colossus Resources has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Colossus Resources has no long-term debt (1). As of today, Colossus Resources's Altman Z-Score is 0.00.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.


Competitive Comparison of Colossus Resources's Financial Strength

For the Other Precious Metals & Mining subindustry, Colossus Resources's Financial Strength, along with its competitors' market caps and Financial Strength 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.


Colossus Resources's Financial Strength Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Colossus Resources's Financial Strength distribution charts can be found below:

* The bar in red indicates where Colossus Resources's Financial Strength falls into.


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Colossus Resources Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Colossus Resources's Interest Expense for the months ended in Feb. 2025 was C$0.00 Mil. Its Operating Income for the months ended in Feb. 2025 was C$-0.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2025 was C$0.00 Mil.

Colossus Resources's Interest Coverage for the quarter that ended in Feb. 2025 is

Colossus Resources had no long-term debt (1).

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Colossus Resources's Debt to Revenue Ratio for the quarter that ended in Feb. 2025 is

Debt to Revenue Ratio=Total Debt (Q: Feb. 2025 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.016 + 0) / 0
=N/A

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Colossus Resources has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

* 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.


Colossus Resources  (TSXV:CLUS) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Colossus Resources has the Financial Strength Rank of 0.


Colossus Resources Financial Strength Related Terms

Thank you for viewing the detailed overview of Colossus Resources's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Colossus Resources Business Description

Traded in Other Exchanges
N/A
Address
2475 Queens Avenue, West Vancouver, Vancouver, BC, CAN, V7V2Y9
Colossus Resources Corp is an exploration and development stage mining company. The company's principal business activities include the acquisition and exploration of mineral property assets. The company holds interests in early-stage mineral exploration properties in Ontario. It holds interest in Master Cu Project; Little Joe Fault Cu Project; and Red Lake Pringle South Project. The Company operates in one reportable operating segment being the acquisition, exploration and evaluation of exploration and evaluation assets in Canada.
Executives
Ioannis Tsitos Director
Charalambos Katevatis Director, Senior Officer

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