Rio2 (RIOFF) Cash-to-Debt : 6.24 (As of Mar. 2024)

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What is Rio2 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. Rio2's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.24.

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, Rio2 could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Rio2's Cash-to-Debt or its related term are showing as below:

RIOFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 15.88 Max: No Debt
Current: 6.24

During the past 13 years, Rio2's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 15.88.

RIOFF's Cash-to-Debt is ranked worse than
56.13% of 2649 companies
in the Metals & Mining industry
Industry Median: 17.59 vs RIOFF: 6.24

Rio2 Cash-to-Debt Historical Data

The historical data trend for Rio2'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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Rio2 Cash-to-Debt Chart

Rio2 Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

7.14

44.01

6.62

Rio2 Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															6.62	6.07	14.03	11.19	6.24

Competitive Comparison of Rio2's Cash-to-Debt

For the Gold subindustry, Rio2'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.

Rio2's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rio2's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Rio2's Cash-to-Debt falls into.

Rio2 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.

Rio2'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)
	=	4.726	/	(0.209	+	0.505)
	=	6.62

Rio2's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	2.61	/	(0.149	+	0.269)
	=	6.24

Rio2 (OTCPK:RIOFF) 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.

Rio2 Cash-to-Debt Related Terms

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Rio2 (RIOFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio2 Ltd (OTCPK:RIOFF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1SB:Germany RIO:Canada

Address

355 Burrard Street, Suite 1000, The Marine Building, Vancouver, BC, CAN, V6C 2G8

Website

https://www.rio2.com

Rio2 Ltd is a mining company with a focus on development and mining operations. It focuses on taking its Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged development strategy. In addition to the Fenix Gold Project in development in Chile. The Company has four operating segments in four geographic areas which is the corporate office in Canada, the financing of the Fenix Gold Project in the Bahamas the support of the Fenix Gold Project in Peru, and the development of the Fenix Gold Project in Chile.

Rio2 (RIOFF) Headlines

From GuruFocus

Rio2 Limited Issues Shares In Lieu of Salaries

By GlobeNewswire • 10-06-2023

Rio2 Prices C$25 Million Marketed Public Offering and US$5 Million Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 07-22-2021

Rio2 Secures Environmental Approval for Fenix Gold Project

By GlobeNewswire • 12-20-2023

Rio2 Limited Gets Approval for Issuing Shares in Lieu of Salaries

By GlobeNewswire GlobeNewswire • 03-27-2023