Karora Resources (TSX:KRR) Cash-to-Debt : 1.33 (As of Dec. 2023)

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What is Karora Resources 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. Karora Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.33.

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, Karora Resources 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 Karora Resources's Cash-to-Debt or its related term are showing as below:

TSX:KRR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 1.39 Max: 370.54
Current: 1.33

During the past 13 years, Karora Resources's highest Cash to Debt Ratio was 370.54. The lowest was 0.28. And the median was 1.39.

TSX:KRR's Cash-to-Debt is ranked worse than
66.44% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSX:KRR: 1.33

Karora Resources Cash-to-Debt Historical Data

The historical data trend for Karora Resources'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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Karora Resources Cash-to-Debt Chart

Karora Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.08

2.13

2.27

1.45

1.33

Karora Resources 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															1.45	1.35	1.30	1.41	1.33

Competitive Comparison of Karora Resources's Cash-to-Debt

For the Gold subindustry, Karora Resources'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.

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

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

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

Karora Resources 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.

Karora Resources'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)
	=	84.073	/	(9.825	+	53.33)
	=	1.33

Karora Resources'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)
	=	84.073	/	(9.825	+	53.33)
	=	1.33

Karora Resources (TSX:KRR) 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.

Karora Resources Cash-to-Debt Related Terms

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Karora Resources (TSX:KRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Karora Resources Inc (TSX:KRR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KRRGF:USA 5RN1:Germany

Address

141 Adelaide Street West, Suite 1608, Toronto, ON, CAN, M5H 3L5

Website

https://www.karoraresources.com

Karora Resources Inc is a multi-asset mineral resource company engaged in the production and exploration and evaluation activities in Australia. Its main assets are the Beta Hunt Mine; HGO toll processing and gold mining operation; and the Spargos Reward Gold Project, all of which are located in Western Australia.

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