Jade Leader (Jade Leader) Cash-to-Debt : 1.24 (As of Dec. 2023)

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What is Jade Leader 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. Jade Leader's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.24.

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, Jade Leader could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

MCKRF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.24 Med: No Debt Max: No Debt
Current: 1.24

During the past 13 years, Jade Leader's highest Cash to Debt Ratio was No Debt. The lowest was 1.24. And the median was No Debt.

MCKRF's Cash-to-Debt is ranked worse than
66.34% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.33 vs MCKRF: 1.24

Jade Leader Cash-to-Debt Historical Data

The historical data trend for Jade Leader'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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Jade Leader Cash-to-Debt Chart

Jade Leader Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.84

Jade Leader 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															No Debt	No Debt	2.77	1.84	1.24

Competitive Comparison of Jade Leader's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Jade Leader'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.

Jade Leader's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Jade Leader 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.

Jade Leader's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	0.103	/	(0.028	+	0.028)
	=	1.84

Jade Leader'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)
	=	0.062	/	(0.033	+	0.017)
	=	1.24

Jade Leader (OTCPK:MCKRF) 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.

Jade Leader Cash-to-Debt Related Terms

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Jade Leader (Jade Leader) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jade Leader Corp (OTCPK:MCKRF) » Definitions » Cash-to-Debt

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JADE:Canada

Address

808 - 4th Avenue Southwest, Suite 815, Calgary, AB, CAN, T2P 3E8

Website

https://www.jadeleader.ca

Jade Leader Corp is engaged in the business of mineral exploration and development in Canada and the USA. The company operates through its projects which include DJ jade project, Keithly Mountain, Tell Project, and Wyoming Jade Fields.