Sulliden Mining Capital (TSX:SMC) Cash-to-Debt : 17.22 (As of Jan. 2024)

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What is Sulliden Mining Capital 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. Sulliden Mining Capital's cash to debt ratio for the quarter that ended in Jan. 2024 was 17.22.

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, Sulliden Mining Capital could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSX:SMC' s Cash-to-Debt Range Over the Past 10 Years
Min: 15.43 Med: No Debt Max: No Debt
Current: 17.22

During the past 10 years, Sulliden Mining Capital's highest Cash to Debt Ratio was No Debt. The lowest was 15.43. And the median was No Debt.

TSX:SMC's Cash-to-Debt is ranked worse than
50.66% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSX:SMC: 17.22

Sulliden Mining Capital Cash-to-Debt Historical Data

The historical data trend for Sulliden Mining Capital'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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Sulliden Mining Capital Cash-to-Debt Chart

Sulliden Mining Capital Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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No Debt

41.01

36.86

Sulliden Mining Capital 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															No Debt	No Debt	36.86	18.09	17.22

Competitive Comparison of Sulliden Mining Capital's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Sulliden Mining Capital'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.

Sulliden Mining Capital's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sulliden Mining Capital's Cash-to-Debt falls into.

Sulliden Mining Capital 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.

Sulliden Mining Capital's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	3.354	/	(0.091	+	0)
	=	36.86

Sulliden Mining Capital's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	2.428	/	(0.141	+	0)
	=	17.22

Sulliden Mining Capital (TSX:SMC) 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.

Sulliden Mining Capital Cash-to-Debt Related Terms

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

Sulliden Mining Capital (TSX:SMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sulliden Mining Capital Inc (TSX:SMC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SULMF:USA 14S:Germany

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

http://www.sulliden.com

Sulliden Mining Capital Inc is engaged in the business of mineral exploration. It holds mineral exploration interests in the East Sullivan property in Quebec, mineral exploration interests in the Salt Cay property in Peru and Uranium exploration interests in the Proterozoic Otish property in Quebec and various investments in public and private entities.

Executives

Newdene Gold Inc.

10% Security Holder

Sulliden Mining Capital (TSX:SMC) Headlines

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