Batero Gold (TSXV:BAT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Batero 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. Batero Gold's cash to debt ratio for the quarter that ended in Feb. 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, Batero Gold could pay off its debt using the cash in hand for the quarter that ended in Feb. 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 Batero Gold's Cash-to-Debt or its related term are showing as below:

TSXV:BAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: No Debt Max: No Debt
Current: 0.03

During the past 13 years, Batero Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was No Debt.

TSXV:BAT's Cash-to-Debt is ranked worse than
94.7% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:BAT: 0.03

Batero Gold Cash-to-Debt Historical Data

The historical data trend for Batero 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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Batero Gold Cash-to-Debt Chart

Batero Gold Annual Data

Trend

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Aug20

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Cash-to-Debt

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No Debt

Batero Gold Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	0.05	No Debt

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

For the Other Precious Metals & Mining subindustry, Batero 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.

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

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

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

Batero 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.

Batero Gold's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Batero Gold had no debt ⁽¹⁾.

Batero Gold's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Batero Gold had no debt ⁽¹⁾.

Batero Gold (TSXV:BAT) 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.

Batero Gold Cash-to-Debt Related Terms

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

Batero Gold (TSXV:BAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Batero Gold Corp (TSXV:BAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BELDF:USA 68B:Germany

Address

885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.baterogold.com

Batero Gold Corp is engaged in the process of exploring and evaluating its exploration and evaluation assets. It focuses on the exploration and development of the Batero-Quinchia Project, which is located within Colombia's Middle Cauca Belt of porphyry gold-copper and epithermal gold systems. The Batero-Quinchia Project includes La Cumbre Porphyry, Dos Quebradas Porphyry, and El Centro Zone. The company operates in one geographic zone.

Batero Gold (TSXV:BAT) Headlines

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Batero Gold (TSXV:BAT) Cash-to-Debt : No Debt (1) (As of Feb. 2024)