Colonial Coal International (TSXV:CAD) Cash-to-Debt : 151.41 (As of Jan. 2024)

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What is Colonial Coal International 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. Colonial Coal International's cash to debt ratio for the quarter that ended in Jan. 2024 was 151.41.

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, Colonial Coal International could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSXV:CAD' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.8 Med: No Debt Max: No Debt
Current: 151.41

During the past 13 years, Colonial Coal International's highest Cash to Debt Ratio was No Debt. The lowest was 5.80. And the median was No Debt.

TSXV:CAD's Cash-to-Debt is ranked better than
92.52% of 615 companies
in the Steel industry
Industry Median: 0.43 vs TSXV:CAD: 151.41

Colonial Coal International Cash-to-Debt Historical Data

The historical data trend for Colonial Coal International'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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Colonial Coal International Cash-to-Debt Chart

Colonial Coal International Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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No Debt

53.21

371.25

78.15

Colonial Coal International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															29.40	74.78	78.15	91.26	151.41

Competitive Comparison of Colonial Coal International's Cash-to-Debt

For the Coking Coal subindustry, Colonial Coal International'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.

Colonial Coal International's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Colonial Coal International's Cash-to-Debt distribution charts can be found below:

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

Colonial Coal International 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.

Colonial Coal International's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	3.751	/	(0.044	+	0.004)
	=	78.15

Colonial Coal International's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	4.088	/	(0.027	+	0)
	=	151.41

Colonial Coal International (TSXV:CAD) 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.

Colonial Coal International Cash-to-Debt Related Terms

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Colonial Coal International (TSXV:CAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Colonial Coal International Corp (TSXV:CAD) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

CCARF:USA COX:Germany

Address

595 Howe Street, Suite 200, Vancouver, BC, CAN, V6C 2T5

Website

https://www.ccoal.ca

Colonial Coal International Corp is an pure-play metallurgical coal development company. Principally, it is engaged in the acquisition, exploration, and development of coal properties located in Canada. Its projects include the Flatbed project; Huguenot project as well as Watson Island. It holds interests in two resource-stage coal properties in the Peace River Coalfield of northeastern British Columbia, Canada: namely, the Huguenot and Flatbed properties.