Condor Resources (TSXV:CN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2023)

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What is Condor 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. Condor Resources's cash to debt ratio for the quarter that ended in Nov. 2023 was No Debt ⁽¹⁾.

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, Condor Resources could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

(1) 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.

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

TSXV:CN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: No Debt Max: No Debt
Current: 62.7

During the past 13 years, Condor Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.26. And the median was No Debt.

TSXV:CN's Cash-to-Debt is ranked better than
57.8% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.2 vs TSXV:CN: 62.70

Condor Resources Cash-to-Debt Historical Data

The historical data trend for Condor 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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Condor Resources Cash-to-Debt Chart

Condor Resources Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

19.58

9.00

16.78

Condor Resources Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															29.83	22.45	16.78	No Debt	No Debt

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

For the Other Precious Metals & Mining subindustry, Condor 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.

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

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

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

Condor 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.

Condor Resources's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	0.671	/	(0	+	0.04)
	=	16.78

Condor Resources's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Condor Resources had no debt ⁽¹⁾.

Condor Resources (TSXV:CN) 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.

Condor Resources Cash-to-Debt Related Terms

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

Condor Resources (TSXV:CN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Condor Resources Inc (TSXV:CN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CNRIF:USA

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.condorresources.com

Condor Resources Inc is engaged in acquiring and exploring mineral properties located in Peru. The company is engaged in the exploration of minerals with an emphasis on gold and copper prospects. Its projects include Chavin, Soledad, Quriurqu, Huinac Punta, Ocros, Pucamayo, Humaya, San Martin, Lucero, and Quilca-Quilisane in Peru South America.

Executives

Jonathan Leslie Younie	Senior Officer
Paul Anthony Larkin	Senior Officer

Condor Resources (TSXV:CN) Headlines

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Condor Resources (TSXV:CN) Cash-to-Debt : No Debt (1) (As of Nov. 2023)