Sirios Resources (FRA:377A) Cash-to-Debt : 7.42 (As of Dec. 2023)

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What is Sirios 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. Sirios Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 7.42.

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

FRA:377A' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: No Debt Max: No Debt
Current: 7.43

During the past 13 years, Sirios Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.39. And the median was No Debt.

FRA:377A's Cash-to-Debt is ranked worse than
55.4% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs FRA:377A: 7.43

Sirios Resources Cash-to-Debt Historical Data

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

Sirios Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

91.85

11.40

No Debt

Sirios 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															19.57	14.15	No Debt	13.84	7.42

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

For the Gold subindustry, Sirios 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.

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

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

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

Sirios 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.

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

Sirios Resources had no debt ⁽¹⁾.

Sirios Resources's Cash to Debt Ratio for the quarter 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)
	=	0.853	/	(0	+	0.115)
	=	7.42

Sirios Resources (FRA:377A) 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.

Sirios Resources Cash-to-Debt Related Terms

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Sirios Resources (FRA:377A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sirios Resources Inc (FRA:377A) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SIREF:USA 377A:Germany SOI:Canada

Address

1400 Marie-Victorin,, Bureau 210, Saint-Bruno-De-Montarville, QC, CAN, J3V 6B9

Website

https://www.sirios.com

Sirios Resources Inc is engaged in the exploration and evaluation of mineral resources. The company aims to discover world-class gold and lithium deposits in the Eeyou Istchee James Bay region, in Quebec, Canada. The company owns projects such as Cheechoo, Aquilon, Maskwa and Li-52. The firm's flagship project is the Cheechoo, a multi-million onces gold project.

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