Quebec Precious Metals (Quebec Precious Metals) Cash-to-Debt : 38.31 (As of Oct. 2023)

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What is Quebec Precious Metals 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. Quebec Precious Metals's cash to debt ratio for the quarter that ended in Oct. 2023 was 38.31.

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, Quebec Precious Metals could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

CJCFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 12.53 Med: No Debt Max: No Debt
Current: 38.08

During the past 13 years, Quebec Precious Metals's highest Cash to Debt Ratio was No Debt. The lowest was 12.53. And the median was No Debt.

CJCFF's Cash-to-Debt is ranked better than
54.82% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs CJCFF: 38.08

Quebec Precious Metals Cash-to-Debt Historical Data

The historical data trend for Quebec Precious Metals'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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Quebec Precious Metals Cash-to-Debt Chart

Quebec Precious Metals Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Cash-to-Debt

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No Debt

48.57

35.13

Quebec Precious Metals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															14.00	35.13	38.60	71.40	38.31

Competitive Comparison of Quebec Precious Metals's Cash-to-Debt

For the Gold subindustry, Quebec Precious Metals'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.

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

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

* The bar in red indicates where Quebec Precious Metals's Cash-to-Debt falls into.

Quebec Precious Metals 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.

Quebec Precious Metals's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	1.054	/	(0.03	+	0)
	=	35.13

Quebec Precious Metals's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	1.111	/	(0.029	+	0)
	=	38.31

Quebec Precious Metals (OTCPK:CJCFF) 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.

Quebec Precious Metals Cash-to-Debt Related Terms

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Quebec Precious Metals (Quebec Precious Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Precious Metals Corp (OTCPK:CJCFF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

YXEP:Germany QPM:Canada

Address

1080, Cote du Beaver Hall, Bureau 2101, Montreal, QC, CAN, H2Z 1S8

Website

https://www.qpmcorp.ca

Quebec Precious Metals Corp is engaged in the acquisition, exploration, and development of mining projects in Canada. The company is focused on advancing its Sakami gold project, located in Eeyou Istchee James Bay territory in Quebec, near Newmont Corporation's Eleonore gold mine. In addition, the Company holds a 68% interest in the Kipawa/Zeus rare earths project located near Temiscaming, Quebec. The Company's operations consist of a single operating segment being the sector of exploration and evaluation of mineral resources and all operations are located in Canada.