Canada Rare Earth (TSXV:LL) Cash-to-Debt : 0.86 (As of Dec. 2023)

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What is Canada Rare Earth 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. Canada Rare Earth's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.86.

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, Canada Rare Earth 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 Canada Rare Earth's Cash-to-Debt or its related term are showing as below:

TSXV:LL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 2.61 Max: No Debt
Current: 0.86

During the past 13 years, Canada Rare Earth's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 2.61.

TSXV:LL's Cash-to-Debt is ranked worse than
69.83% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:LL: 0.86

Canada Rare Earth Cash-to-Debt Historical Data

The historical data trend for Canada Rare Earth'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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Canada Rare Earth Cash-to-Debt Chart

Canada Rare Earth Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.46

5.10

11.33

0.10

0.18

Canada Rare Earth 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															0.79	0.18	0.87	0.02	0.86

Competitive Comparison of Canada Rare Earth's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Canada Rare Earth'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.

Canada Rare Earth's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Canada Rare Earth's Cash-to-Debt falls into.

Canada Rare Earth 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.

Canada Rare Earth's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.221	/	(1.076	+	0.166)
	=	0.18

Canada Rare Earth'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)
	=	0.492	/	(0.456	+	0.116)
	=	0.86

Canada Rare Earth (TSXV:LL) 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.

Canada Rare Earth Cash-to-Debt Related Terms

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

Canada Rare Earth (TSXV:LL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Rare Earth Corp (TSXV:LL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RAREF:USA

Address

650 West Georgia Street, Suite 2110, Vancouver, BC, CAN, V6B 4N8

Website

http://www.canadarareearth.com

Canada Rare Earth Corp is a Canada-based development stage company. The company is engaged in developing an integrated business within the rare earth industry from the initial mandate of acquiring and exploring mineral property interests. It's only reportable segment is the sale of oxides and rare earth concentrate. Geographically, it derives a majority of revenue from Asia.

Executives

Tracy Allin Moore

Director