Silver Spruce Resources (Silver Spruce Resources) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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

SSEBF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 3.26 Max: No Debt
Current: 79.5

During the past 13 years, Silver Spruce Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 3.26.

SSEBF's Cash-to-Debt is ranked better than
58.65% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs SSEBF: 79.50

Silver Spruce Resources Cash-to-Debt Historical Data

The historical data trend for Silver Spruce 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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Silver Spruce Resources Cash-to-Debt Chart

Silver Spruce Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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1.79

45.86

28.70

10.13

276.00

Silver Spruce Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															4.92	64.22	90.80	276.00	No Debt

Competitive Comparison of Silver Spruce Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Silver Spruce 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.

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

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

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

Silver Spruce 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.

Silver Spruce Resources's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	0.276	/	(0.001	+	0)
	=	276.00

Silver Spruce Resources's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Silver Spruce Resources had no debt ⁽¹⁾.

Silver Spruce Resources (OTCPK:SSEBF) 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.

Silver Spruce Resources Cash-to-Debt Related Terms

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Silver Spruce Resources (Silver Spruce Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Spruce Resources Inc (OTCPK:SSEBF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

S6Q1:Germany SSE:Canada

Address

1600 Bedford Highway, Suite 440, Bedford, NS, CAN, B4A 1E8

Website

https://www.silverspruceresources.com

Silver Spruce Resources Inc is a Canada-based company focused on exploration for precious and base minerals. The flagship project Pino de Plata located in Chihuahua state Mexico is a high-grade silver project with noteworthy gold, lead, and zinc credits. Its other projects include El Mezquite, Melchett Lake and Pope's Hill.