Kingsview Minerals (XCNQ:KVM) Cash-to-Debt : 1.16 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Kingsview Minerals 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. Kingsview Minerals's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.16.

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, Kingsview Minerals could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

XCNQ:KVM' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.16 Med: No Debt Max: No Debt
Current: 1.16

During the past 4 years, Kingsview Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 1.16. And the median was No Debt.

XCNQ:KVM's Cash-to-Debt is ranked worse than
66.91% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.33 vs XCNQ:KVM: 1.16

Kingsview Minerals Cash-to-Debt Historical Data

The historical data trend for Kingsview Minerals'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.

* Premium members only.

Kingsview Minerals Cash-to-Debt Chart

Kingsview Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

1.77

Kingsview Minerals Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	1.77	1.16

Competitive Comparison of Kingsview Minerals's Cash-to-Debt

For the Gold subindustry, Kingsview Minerals'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.

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

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

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

Kingsview Minerals 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.

Kingsview Minerals'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)
	=	0.212	/	(0.12	+	0)
	=	1.77

Kingsview Minerals's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	0.139	/	(0.12	+	0)
	=	1.16

Kingsview Minerals (XCNQ:KVM) 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.

Kingsview Minerals Cash-to-Debt Related Terms

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

Kingsview Minerals (XCNQ:KVM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingsview Minerals Ltd (XCNQ:KVM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0L4:Germany

Address

580 Hornby Street, Suite 510, Vancouver, BC, CAN, V6C 3B6

Website

https://www.kingsviewminerals.ca

Kingsview Minerals Ltd is a mineral exploration company. The company is focused on its portfolio of gold exploration properties. The Company has acquired a portfolio of properties in the Wawa mining district of Ontario. It holds an interest in Echum and Hubcap projects, located in the southern part of the Wawa Greenstone belt. The business of the Company is the acquisition and exploration of resource properties. The Company's business activity is the acquisition and exploration of exploration and evaluation assets in Canada.

Kingsview Minerals (XCNQ:KVM) Headlines

No Headlines