Toubani Resources (FRA:3V20) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2023)

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

FRA:3V20' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

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

FRA:3V20's Cash-to-Debt is ranked better than
99.96% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.77 vs FRA:3V20: No Debt

Toubani Resources Cash-to-Debt Historical Data

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

Toubani Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

Toubani Resources Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Gold subindustry, Toubani 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.

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

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

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

Toubani 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.

Toubani Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Toubani Resources had no debt ⁽¹⁾.

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

Toubani Resources had no debt ⁽¹⁾.

Toubani Resources (FRA:3V20) 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.

Toubani Resources Cash-to-Debt Related Terms

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

Toubani Resources (FRA:3V20) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Toubani Resources Ltd (FRA:3V20) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TRE:Australia

Address

100 King Street West, Suite 1600, Toronto, ON, CAN, M5X 1G5

Website

https://www.toubaniresources.com

Toubani Resources Ltd is a Canada-based gold exploration and development company. Its segment consists of the acquisition, exploration, and development of precious and base metal mineral resources properties located in Western Africa. The company's portfolio includes the Kobada gold project which is a stage gold development project located in Mali.

Toubani Resources (FRA:3V20) Headlines

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Toubani Resources (FRA:3V20) Cash-to-Debt : No Debt (1) (As of Mar. 2023)