Sun Summit Minerals (TSXV:SMN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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

TSXV:SMN' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.11 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Sun Summit Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 1.11. And the median was No Debt.

TSXV:SMN's Cash-to-Debt is ranked better than
99.92% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:SMN: No Debt

Sun Summit Minerals Cash-to-Debt Historical Data

The historical data trend for Sun Summit 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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Sun Summit Minerals Cash-to-Debt Chart

Sun Summit Minerals Annual Data

Trend

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Nov23

Cash-to-Debt

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No Debt

Sun Summit Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Sun Summit Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Sun Summit 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.

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

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

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

Sun Summit 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.

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

Sun Summit Minerals had no debt ⁽¹⁾.

Sun Summit Minerals's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Sun Summit Minerals had no debt ⁽¹⁾.

Sun Summit Minerals (TSXV:SMN) 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.

Sun Summit Minerals Cash-to-Debt Related Terms

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

Sun Summit Minerals (TSXV:SMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sun Summit Minerals Corp (TSXV:SMN) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

SMREF:USA

Address

889 West Pender Street, c/o Suite 800, Vancouver, BC, CAN, V6C 3B2

Website

https://www.sunsummitminerals.com

Sun Summit Minerals Corp is a Canadian mineral exploration company. The company is focused on developing a resource at the flagship Buck Project located in central British Columbia. Its projects include Chunibas Project, 1068 Project, and Other Projects. The company conducts its operations in Canada and Mexico.

Executives

Richard John Billingsley

10% Security Holder

Sun Summit Minerals (TSXV:SMN) Cash-to-Debt : No Debt (1) (As of Feb. 2024)