Orezone Gold (TSX:ORE) Cash-to-Debt : 0.21 (As of Dec. 2023)

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What is Orezone Gold 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. Orezone Gold's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.21.

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

TSX:ORE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 5026.41 Max: No Debt
Current: 0.21

During the past 13 years, Orezone Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 5026.41.

TSX:ORE's Cash-to-Debt is ranked worse than
84.43% of 2640 companies
in the Metals & Mining industry
Industry Median: 18.395 vs TSX:ORE: 0.21

Orezone Gold Cash-to-Debt Historical Data

The historical data trend for Orezone Gold'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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Orezone Gold Cash-to-Debt Chart

Orezone Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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51.36

52.83

0.78

0.08

0.21

Orezone Gold 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															0.08	0.39	0.33	0.29	0.21

Competitive Comparison of Orezone Gold's Cash-to-Debt

For the Gold subindustry, Orezone Gold'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.

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

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

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

Orezone Gold 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.

Orezone Gold'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)
	=	26.138	/	(27.362	+	97.944)
	=	0.21

Orezone Gold'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)
	=	26.138	/	(27.362	+	97.944)
	=	0.21

Orezone Gold (TSX:ORE) 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.

Orezone Gold Cash-to-Debt Related Terms

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

Orezone Gold (TSX:ORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orezone Gold Corp (TSX:ORE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ORZCF:USA OEX:Germany

Address

505 Burrard Street, Suite 450, Bentall Tower 1, Vancouver, BC, CAN, V7X 1M3

Website

https://www.orezone.com

Orezone Gold Corp is a Canada-based gold mining company mainly engaged in the exploration and evaluation and development of gold. The company operates the open pit Bombore Gold Mine in Burkina Faso. The company operates in the business segment of acquisition, exploration, and potential development of precious metal properties. In addition to social responsibility and sustainability, Orezone has an experienced team in project construction and operations, financings, capital markets and M&A.

Executives

Ryan Goodman

Senior Officer

Orezone Gold (TSX:ORE) Headlines

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