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Kobrea Exploration (XCNQ:KBX) Cash-to-Debt : No Debt (1) (As of Jan. 2024)


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What is Kobrea Exploration 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. Kobrea Exploration's cash to debt ratio for the quarter that ended in Jan. 2024 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, Kobrea Exploration could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

(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 Kobrea Exploration's Cash-to-Debt or its related term are showing as below:

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

During the past 2 years, Kobrea Exploration's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:KBX's Cash-to-Debt is ranked better than
99.96% of 2649 companies
in the Metals & Mining industry
Industry Median: 17.59 vs XCNQ:KBX: No Debt

Kobrea Exploration Cash-to-Debt Historical Data

The historical data trend for Kobrea Exploration'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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Kobrea Exploration Cash-to-Debt Chart

Kobrea Exploration Annual Data
Trend Jan23 Jan24
Cash-to-Debt
No Debt No Debt

Kobrea Exploration Quarterly Data
Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cash-to-Debt Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Kobrea Exploration's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Kobrea Exploration'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.

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

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

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


Kobrea Exploration 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.

Kobrea Exploration's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:

Kobrea Exploration had no debt (1).

Kobrea Exploration's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Kobrea Exploration had no debt (1).

* 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.

Kobrea Exploration  (XCNQ:KBX) 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.

Kobrea Exploration Cash-to-Debt Related Terms

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

Kobrea Exploration (XCNQ:KBX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kobrea Exploration Corp (XCNQ:KBX) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
F3I:Germany
Address
330 – 890 Pender Street West, British Columbia, Vancouver, CAN, V6C 1J9
Website
Kobrea Exploration Corp is a mineral exploration company in Canada. Its objective is to explore and, if warranted, develop the property.

Kobrea Exploration (XCNQ:KBX) Headlines

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