Canadian Manganese Co (NEOE:CDMN) Cash-to-Debt : 0.13 (As of Dec. 2023)

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What is Canadian Manganese Co 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. Canadian Manganese Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.13.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Canadian Manganese Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

NEOE:CDMN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 79.44 Max: No Debt
Current: 0.13

During the past 4 years, Canadian Manganese Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was 79.44.

NEOE:CDMN's Cash-to-Debt is ranked worse than
88.13% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.3 vs NEOE:CDMN: 0.13

Canadian Manganese Co Cash-to-Debt Historical Data

The historical data trend for Canadian Manganese Co'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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Canadian Manganese Co Cash-to-Debt Chart

Canadian Manganese Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

150.08

8.80

0.13

Canadian Manganese Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											8.80	3.69	0.83	0.34	0.13

Competitive Comparison of Canadian Manganese Co's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Canadian Manganese Co'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.

Canadian Manganese Co's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Canadian Manganese Co's Cash-to-Debt falls into.

Canadian Manganese Co 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.

Canadian Manganese Co's Cash to Debt Ratio for the fiscal year 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)
	=	0.544	/	(4.04	+	0.005)
	=	0.13

Canadian Manganese Co'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)
	=	0.544	/	(4.04	+	0.005)
	=	0.13

Canadian Manganese Co (NEOE:CDMN) 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.

Canadian Manganese Co Cash-to-Debt Related Terms

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Canadian Manganese Co (NEOE:CDMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Manganese Co Inc (NEOE:CDMN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CDMNF:USA 4V9:Germany

Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

https://www.canadianmanganese.com

Canadian Manganese Co Inc is an exploration and development company focused on evaluating a manganese project in New Brunswick, Canada. The company is engaged in exploring and developing the Woodstock project to produce specialty manganese metals.

Executives

John Allan

Director

Canadian Manganese Co (NEOE:CDMN) Headlines

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