Delta Resources (Delta Resources) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

DTARF' s Cash-to-Debt Range Over the Past 10 Years
Min: 40.4 Med: No Debt Max: No Debt
Current: 56.6

During the past 13 years, Delta Resources's highest Cash to Debt Ratio was No Debt. The lowest was 40.40. And the median was No Debt.

DTARF's Cash-to-Debt is ranked better than
57.1% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs DTARF: 56.60

Delta Resources Cash-to-Debt Historical Data

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

Delta Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

41.13

122.74

100.09

No Debt

Delta Resources 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															100.09	79.91	318.96	250.50	No Debt

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

For the Gold subindustry, Delta 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.

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

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

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

Delta 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.

Delta Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Delta Resources had no debt ⁽¹⁾.

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

Delta Resources had no debt ⁽¹⁾.

Delta Resources (OTCPK:DTARF) 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.

Delta Resources Cash-to-Debt Related Terms

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Delta Resources (Delta Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Delta Resources Ltd (OTCPK:DTARF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6GO1:Germany DLTA:Canada

Address

1718 Christine Street, Kingston, ON, CAN, K7L 4V4

Website

https://www.deltaresources.ca

Delta Resources Ltd is a Canadian mineral exploration company focused on growing shareholder value through the exploration of two high-potential gold and base-metal projects. It has a single operating segment which is the acquisition, exploration and development of exploration properties. The company has 100% ownership in the DELTA-1 Gold project in Thunder Bay, Ontario, DELTA-2 Gold polymetallic project in Chibougamau, Quebec and the Bellechasse-Timmins Gold project located in southeastern Quebec.