Granite Creek Copper (TSXV:GCX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2023)

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

TSXV:GCX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 5009.51 Max: No Debt
Current: No Debt

During the past 12 years, Granite Creek Copper's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 5009.51.

TSXV:GCX's Cash-to-Debt is ranked better than
99.92% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs TSXV:GCX: No Debt

Granite Creek Copper Cash-to-Debt Historical Data

The historical data trend for Granite Creek Copper'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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Granite Creek Copper Cash-to-Debt Chart

Granite Creek Copper Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

May21

May22

May23

Cash-to-Debt

Get a 7-Day Free Trial

0.04

No Debt

19.02

No Debt

Granite Creek Copper Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Granite Creek Copper's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Granite Creek Copper'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.

Granite Creek Copper's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Granite Creek Copper's Cash-to-Debt falls into.

Granite Creek Copper 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.

Granite Creek Copper's Cash to Debt Ratio for the fiscal year that ended in May. 2023 is calculated as:

Granite Creek Copper had no debt ⁽¹⁾.

Granite Creek Copper's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Granite Creek Copper had no debt ⁽¹⁾.

Granite Creek Copper (TSXV:GCX) 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.

Granite Creek Copper Cash-to-Debt Related Terms

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

Granite Creek Copper (TSXV:GCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Granite Creek Copper Ltd (TSXV:GCX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GCXXF:USA GRK:Germany

Address

409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C 1T2

Website

https://www.gcxcopper.com

Granite Creek Copper Ltd is a Vancouver-based, public exploration company. It is in the business of acquiring and carrying out exploration on mineral properties, especially those with precious metals potential, to establish a mineable mineral resource. The company primarily explores gold and other mineral deposits. Granite Creek holds an interest in the Stu Copper-Gold Project located in the Minto Copper District of Canada's Yukon Territory.

Granite Creek Copper (TSXV:GCX) Headlines

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Granite Creek Copper (TSXV:GCX) Cash-to-Debt : No Debt (1) (As of Nov. 2023)