Erdene Resource Development (TSX:ERD) Cash-to-Debt : 189.13 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Erdene Resource Development 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. Erdene Resource Development's cash to debt ratio for the quarter that ended in Dec. 2023 was 189.13.

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, Erdene Resource Development could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSX:ERD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.8 Med: 100.86 Max: No Debt
Current: 189.13

During the past 13 years, Erdene Resource Development's highest Cash to Debt Ratio was No Debt. The lowest was 0.80. And the median was 100.86.

TSX:ERD's Cash-to-Debt is ranked better than
62.35% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSX:ERD: 189.13

Erdene Resource Development Cash-to-Debt Historical Data

The historical data trend for Erdene Resource Development'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.

* Premium members only.

Erdene Resource Development Cash-to-Debt Chart

Erdene Resource Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.80

112.29

46.47

89.42

189.13

Erdene Resource Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	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															89.42	1.67	0.89	0.83	189.13

Competitive Comparison of Erdene Resource Development's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Erdene Resource Development'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.

Erdene Resource Development's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Erdene Resource Development 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.

Erdene Resource Development'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)
	=	4.35	/	(0.023	+	0)
	=	189.13

Erdene Resource Development'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)
	=	4.35	/	(0.023	+	0)
	=	189.13

Erdene Resource Development (TSX:ERD) 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.

Erdene Resource Development Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Erdene Resource Development's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Erdene Resource Development (TSX:ERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Erdene Resource Development Corp (TSX:ERD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ERDCF:USA

Address

99 Wyse Road, Metropolitan Place, Suite 1480, Dartmouth, NS, CAN, B3A 4S5

Website

https://www.erdene.com

Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company's project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke. The Zuun Mod project is located within 200 kilometres of China's border in Mongolia's Bayankhongor Province. The Khuvyn Khar copper-silver project is located on the Zuun Mod property.

Erdene Resource Development (TSX:ERD) Headlines

No Headlines