Karelian Diamond Resources (LSE:KDR) Cash-to-Debt : 1.76 (As of Nov. 2023)

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What is Karelian Diamond 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. Karelian Diamond Resources's cash to debt ratio for the quarter that ended in Nov. 2023 was 1.76.

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, Karelian Diamond Resources could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

LSE:KDR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 1.73 Max: No Debt
Current: 1.76

During the past 13 years, Karelian Diamond Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 1.73.

LSE:KDR's Cash-to-Debt is ranked worse than
64.23% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.3 vs LSE:KDR: 1.76

Karelian Diamond Resources Cash-to-Debt Historical Data

The historical data trend for Karelian Diamond 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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Karelian Diamond Resources Cash-to-Debt Chart

Karelian Diamond Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

Get a 7-Day Free Trial

0.20

0.07

0.39

0.56

0.77

Karelian Diamond Resources Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															1.69	0.56	0.53	0.77	1.76

Competitive Comparison of Karelian Diamond Resources's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Karelian Diamond 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.

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

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

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

Karelian Diamond 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.

Karelian Diamond Resources's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	0.08	/	(0	+	0.104)
	=	0.77

Karelian Diamond Resources's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	0.187	/	(0	+	0.106)
	=	1.76

Karelian Diamond Resources (LSE:KDR) 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.

Karelian Diamond Resources Cash-to-Debt Related Terms

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

Karelian Diamond Resources (LSE:KDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Karelian Diamond Resources PLC (LSE:KDR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3300 Lake Drive, Citywest Business Campus, Dublin, IRL, D24 TD21

Website

http://www.kareliandiamondresources.com

Karelian Diamond Resources PLC is an Ireland-based company which focuses on the discovery of diamond deposits in Finland. It is engaged in exploring for diamonds and evaluating an existing diamond prospect (diamondiferous kimberlite pipe) in the Karelian Craton of Finland. The company's diamond exploration projects include The Lahtojoki diamond project, The Seitapera diamondiferous kimberlite pipe, and The Riihivaara diamond exploration project which is in Kuopio, Kuhmo, and Riihivaara respectively.

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