Eco Oro Minerals (XCNQ:EOM) Cash-to-Debt : 0.02 (As of Dec. 2023)

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What is Eco Oro Minerals 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. Eco Oro Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 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, Eco Oro Minerals 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 Eco Oro Minerals's Cash-to-Debt or its related term are showing as below:

XCNQ:EOM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.35 Max: No Debt
Current: 0.02

During the past 13 years, Eco Oro Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.35.

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

Eco Oro Minerals Cash-to-Debt Historical Data

The historical data trend for Eco Oro Minerals'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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Eco Oro Minerals Cash-to-Debt Chart

Eco Oro Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

1.13

0.40

0.09

0.02

Eco Oro Minerals 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															0.09	0.03	0.01	0.10	0.02

Competitive Comparison of Eco Oro Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Eco Oro Minerals'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.

Eco Oro Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Eco Oro Minerals's Cash-to-Debt falls into.

Eco Oro Minerals 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.

Eco Oro Minerals's Cash to Debt Ratio for the fiscal year 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)
	=	0.289	/	(3.468	+	12.47)
	=	0.02

Eco Oro Minerals'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)
	=	0.289	/	(3.468	+	12.47)
	=	0.02

Eco Oro Minerals (XCNQ:EOM) 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.

Eco Oro Minerals Cash-to-Debt Related Terms

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

Eco Oro Minerals (XCNQ:EOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eco Oro Minerals Corp (XCNQ:EOM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GYSLF:USA GQQ:Germany

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

http://www.eco-oro.com

Eco Oro Minerals Corp is a Canadian mining and exploration company. Its principal business activities include the acquisition, exploration, and development of mineral assets. The company focuses on the development of the Angostura Project in Northeastern Colombia which consists of the Angostura deposit. It has one reportable segment, being the evaluation and exploration of mineral exploration properties in one geographic region: Colombia.

Eco Oro Minerals (XCNQ:EOM) Headlines

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