Codrus Minerals (ASX:CDR) Cash-to-Debt : 11.35 (As of Dec. 2023)

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What is Codrus Minerals 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. Codrus Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was 11.35.

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, Codrus Minerals could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Codrus Minerals's Cash-to-Debt or its related term are showing as below:

ASX:CDR' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.35 Med: No Debt Max: No Debt
Current: 11.35

During the past 3 years, Codrus Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 11.35. And the median was No Debt.

ASX:CDR's Cash-to-Debt is ranked worse than
53.55% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs ASX:CDR: 11.35

Codrus Minerals Cash-to-Debt Historical Data

The historical data trend for Codrus Minerals'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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Codrus Minerals Cash-to-Debt Chart

Codrus Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

Codrus Minerals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	11.35

Competitive Comparison of Codrus Minerals's Cash-to-Debt

For the Gold subindustry, Codrus Minerals'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.

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

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

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

Codrus Minerals 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.

Codrus Minerals's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Codrus Minerals had no debt ⁽¹⁾.

Codrus Minerals'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)
	=	1.6	/	(0.041	+	0.1)
	=	11.35

Codrus Minerals (ASX:CDR) 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.

Codrus Minerals Cash-to-Debt Related Terms

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Codrus Minerals (ASX:CDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Codrus Minerals Ltd (ASX:CDR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Altona Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.codrusminerals.com.au

Codrus Minerals Ltd is an Australia-based gold exploration company. It has an interest in Silver Swan South, Red Gate, and Middle Creek Projects in Western Australia. It also has interests in the Bull Run project located in baker county, United States.