Calibre Mining (TSX:CXB) Cash-to-Debt : 4.16 (As of Dec. 2023)

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What is Calibre Mining 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. Calibre Mining's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.16.

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

TSX:CXB' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.16 Med: 5912.92 Max: No Debt
Current: 4.16

During the past 13 years, Calibre Mining's highest Cash to Debt Ratio was No Debt. The lowest was 4.16. And the median was 5912.92.

TSX:CXB's Cash-to-Debt is ranked worse than
59.52% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSX:CXB: 4.16

Calibre Mining Cash-to-Debt Historical Data

The historical data trend for Calibre Mining'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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Calibre Mining Cash-to-Debt Chart

Calibre Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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139.60

354.75

1,825.84

4.32

4.16

Calibre Mining 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															4.32	3.67	4.76	4.85	4.16

Competitive Comparison of Calibre Mining's Cash-to-Debt

For the Gold subindustry, Calibre Mining'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.

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

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

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

Calibre Mining 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.

Calibre Mining'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)
	=	115.592	/	(13.26	+	14.555)
	=	4.16

Calibre Mining'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)
	=	115.592	/	(13.26	+	14.555)
	=	4.16

Calibre Mining (TSX:CXB) 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.

Calibre Mining Cash-to-Debt Related Terms

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

Calibre Mining (TSX:CXB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Calibre Mining Corp (TSX:CXB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CXBMF:USA WCLA:Germany

Address

200 Burrard Street, Suite 1560, Vancouver, BC, CAN, V6C 3L6

Website

https://www.calibremining.com

Calibre Mining Corp is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its project includes Pavon Gold Project, Borosi Gold Project, IamGold and Santa Rita. The company has only one revenue stream, being the sale of refined gold from its operations in Nicaragua.

Executives

David Hendriks

Senior Officer

Calibre Mining (TSX:CXB) Headlines

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