Entree Resources (TSX:ETG) Cash-to-Debt : 0.56 (As of Sep. 2023)

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What is Entree Resources 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. Entree Resources's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.56.

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, Entree Resources 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 Entree Resources's Cash-to-Debt or its related term are showing as below:

TSX:ETG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 0.79 Max: 5.27
Current: 0.48

During the past 13 years, Entree Resources's highest Cash to Debt Ratio was 5.27. The lowest was 0.48. And the median was 0.79.

TSX:ETG's Cash-to-Debt is ranked worse than
76.18% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs TSX:ETG: 0.48

Entree Resources Cash-to-Debt Historical Data

The historical data trend for Entree Resources'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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Entree Resources Cash-to-Debt Chart

Entree Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.58

0.74

0.68

0.55

0.48

Entree Resources 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															0.55	0.51	0.50	0.56	0.48

Competitive Comparison of Entree Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Entree Resources'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.

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

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

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

Entree Resources 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.

Entree Resources'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)
	=	8.172	/	(0.153	+	16.969)
	=	0.48

Entree Resources'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)
	=	9.351	/	(0.146	+	16.42)
	=	0.56

Entree Resources (TSX:ETG) 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.

Entree Resources Cash-to-Debt Related Terms

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

Entree Resources (TSX:ETG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Entree Resources Ltd (TSX:ETG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ERLFF:USA 2EE:Germany

Address

1066 West Hastings Street, Oceanic Plaza, Suite 1650, Vancouver, BC, CAN, V6E 3X1

Website

https://www.entreeresourcesltd.com

Entree Resources Ltd is a Canadian mining company that owns a joint venture interest in a significant portion of the copper-gold-molybdenum deposit - the Oyu Tolgoi project in Mongolia. The company's interest in the Entree/Oyu Tolgoi joint venture has the characteristics of royalty, with the benefits of a producer. Entree's good financial position and high-quality asset portfolio provide a solid foundation and flexibility for growth.

Entree Resources (TSX:ETG) Headlines

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