Kobo Resources (TSXV:KRI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Kobo 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. Kobo Resources's cash to debt ratio for the quarter that ended in Sep. 2023 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, Kobo Resources could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSXV:KRI' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.91 Med: 59.96 Max: No Debt
Current: 61.53

During the past 3 years, Kobo Resources's highest Cash to Debt Ratio was No Debt. The lowest was 5.91. And the median was 59.96.

TSXV:KRI's Cash-to-Debt is ranked better than
57.53% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:KRI: 61.53

Kobo Resources Cash-to-Debt Historical Data

The historical data trend for Kobo 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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Kobo Resources Cash-to-Debt Chart

Kobo Resources Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

10.46

13.34

5.91

Kobo Resources Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial				N/A	5.91	106.58	No Debt	No Debt

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

For the Gold subindustry, Kobo 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.

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

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

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

Kobo 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.

Kobo Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.26	/	(0	+	0.044)
	=	5.91

Kobo Resources's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Kobo Resources had no debt ⁽¹⁾.

Kobo Resources (TSXV:KRI) 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.

Kobo Resources Cash-to-Debt Related Terms

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

Kobo Resources (TSXV:KRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kobo Resources Inc (TSXV:KRI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 Grande-Allee East, Suite 101, Quebec, QC, CAN, G1R 2J4

Website

https://www.koboresources.com

Kobo Resources Inc is an exploration and mining development company focused on acquiring, exploring and developing gold property assets located in West Africa and primarily in Cote d'Ivoire.

Executives

Patrick Gagnon

Director

Kobo Resources (TSXV:KRI) Headlines

No Headlines

Kobo Resources (TSXV:KRI) Cash-to-Debt : No Debt (1) (As of Sep. 2023)