Cabral Gold (Cabral Gold) Cash-to-Debt : 264.00 (As of Dec. 2023)

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What is Cabral Gold 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. Cabral Gold's cash to debt ratio for the quarter that ended in Dec. 2023 was 264.00.

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, Cabral Gold could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

CBGZF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 5129.87 Max: No Debt
Current: 259.73

During the past 10 years, Cabral Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.49. And the median was 5129.87.

CBGZF's Cash-to-Debt is ranked better than
63.15% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs CBGZF: 259.73

Cabral Gold Cash-to-Debt Historical Data

The historical data trend for Cabral Gold'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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Cabral Gold Cash-to-Debt Chart

Cabral Gold Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

127.57

1.29

264.00

Cabral Gold 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															1.29	2.94	1.87	8.40	264.00

Competitive Comparison of Cabral Gold's Cash-to-Debt

For the Gold subindustry, Cabral Gold'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.

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

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

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

Cabral Gold 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.

Cabral Gold'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)
	=	2.904	/	(0.011	+	0)
	=	264.00

Cabral Gold'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)
	=	2.904	/	(0.011	+	0)
	=	264.00

Cabral Gold (OTCPK:CBGZF) 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.

Cabral Gold Cash-to-Debt Related Terms

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Cabral Gold (Cabral Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cabral Gold Inc (OTCPK:CBGZF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

C3J:Germany CBR:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.cabralgold.com

Cabral Gold Inc is a junior resource exploration company. It is engaged in the identification, exploration, and development of mineral properties, with a primary focus on gold properties located in Brazil. It has two projects, The Cuiu Cuiu gold project, and The Bom Jardim project. The Cuiu Cuiu gold project consists of several shear zone-hosted gold deposits that occur within granitic rocks of the Cuiu Cuiu Complex, in the Tapajos Region of northern Brazil. Its Bom Jardim project is located northwest of the Cuiu Cuiu property and North West of Eldorado's Tocantinzinho deposit.