Kingman Minerals (Kingman Minerals) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Kingman 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. Kingman Minerals's cash to debt ratio for the quarter that ended in Mar. 2024 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, Kingman Minerals could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Kingman Minerals's Cash-to-Debt or its related term are showing as below:

KGSSF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Kingman Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was No Debt.

KGSSF's Cash-to-Debt is ranked better than
99.96% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.62 vs KGSSF: No Debt

Kingman Minerals Cash-to-Debt Historical Data

The historical data trend for Kingman 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.

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Kingman Minerals Cash-to-Debt Chart

Kingman Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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No Debt

Kingman Minerals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.27	No Debt	No Debt	No Debt	No Debt

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

For the Other Precious Metals & Mining subindustry, Kingman 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.

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

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

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

Kingman 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.

Kingman Minerals's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Kingman Minerals had no debt ⁽¹⁾.

Kingman Minerals's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Kingman Minerals had no debt ⁽¹⁾.

Kingman Minerals (OTCPK:KGSSF) 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.

Kingman Minerals Cash-to-Debt Related Terms

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Kingman Minerals (Kingman Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingman Minerals Ltd (OTCPK:KGSSF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

47A1:Germany KGS:Canada

Address

555 West Hastings Street, Suite 2150, Vancouver, BC, CAN, V6B 4N6

Website

https://www.kingmanminerals.com

Kingman Minerals Ltd is in the exploration stage and its principal business activity is the sourcing and exploration of mineral properties in North America. The Mohave Project is located in the Music Mountains in Mohave County, Arizona, and focuses on gold and silver minerals. The Cadillac East Property is situated approximately 55km east in the Province of Quebec and 500km northwest of the city of Montreal. The company operates in a single industry segment being the acquisition, exploration, and development of mineral properties.