Rusoro Mining (TSXV:RML) Cash-to-Debt : 0.03 (As of Sep. 2023)

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What is Rusoro Mining 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. Rusoro Mining's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.03.

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, Rusoro Mining couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSXV:RML' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.06
Current: 0.03

During the past 13 years, Rusoro Mining's highest Cash to Debt Ratio was 0.06. The lowest was 0.00. And the median was 0.01.

TSXV:RML's Cash-to-Debt is ranked worse than
94.96% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs TSXV:RML: 0.03

Rusoro Mining Cash-to-Debt Historical Data

The historical data trend for Rusoro Mining'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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Rusoro Mining Cash-to-Debt Chart

Rusoro Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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Rusoro Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															-	-	-	0.05	0.03

Competitive Comparison of Rusoro Mining's Cash-to-Debt

For the Gold subindustry, Rusoro Mining'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.

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

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

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

Rusoro Mining 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.

Rusoro Mining's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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	/	(47.893	+	0)
	=	0.00

Rusoro Mining's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1.555	/	(50.483	+	0)
	=	0.03

Rusoro Mining (TSXV:RML) 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.

Rusoro Mining Cash-to-Debt Related Terms

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Rusoro Mining (TSXV:RML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rusoro Mining Ltd (TSXV:RML) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

RMLFF:USA PKJ2:Germany

Address

595 Burrard Street, Suite 3123, PO Box 49139, Vancouver, BC, CAN, V7X 1J1

Website

https://www.rusoro.com

Rusoro Mining Ltd is a gold producer and explorer. It is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The company has land position in the prolific Bolivar State mining region in southern Venezuela.

Executives

Anthony John Beruschi

Director

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