Cassius Ventures (TSXV:CZ.H) Cash-to-Debt : 0.02 (As of Jan. 2024)

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What is Cassius Ventures 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. Cassius Ventures's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.02.

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, Cassius Ventures couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSXV:CZ.H' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: No Debt
Current: 0.02

During the past 13 years, Cassius Ventures's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.02.

TSXV:CZ.H's Cash-to-Debt is ranked worse than
96.1% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:CZ.H: 0.02

Cassius Ventures Cash-to-Debt Historical Data

The historical data trend for Cassius Ventures'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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Cassius Ventures Cash-to-Debt Chart

Cassius Ventures Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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0.01

Cassius Ventures 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															0.03	0.01	0.01	-	0.02

Competitive Comparison of Cassius Ventures's Cash-to-Debt

For the Gold subindustry, Cassius Ventures'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.

Cassius Ventures's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Cassius Ventures 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.

Cassius Ventures's Cash to Debt Ratio for the fiscal year that ended in Oct. 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	/	(0.252	+	0)
	=	0.00

Cassius Ventures'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)
	=	0.006	/	(0.267	+	0)
	=	0.02

Cassius Ventures (TSXV:CZ.H) 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.

Cassius Ventures Cash-to-Debt Related Terms

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Cassius Ventures (TSXV:CZ.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cassius Ventures Ltd (TSXV:CZ.H) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

595 Burrard Street, Suite 3083, Vancouver, BC, CAN, V7X 1L3

Website

http://www.cassiusventures.com

Cassius Ventures Ltd is a Canada-based company. The company is an exploration-stage company focused on acquiring exploration and/or development-stage mineral properties for the purposes of further exploration and development.

Cassius Ventures (TSXV:CZ.H) Headlines

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