Wolverine Resources (Wolverine Resources) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Wolverine 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. Wolverine Resources'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, Wolverine Resources 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 Wolverine Resources's Cash-to-Debt or its related term are showing as below:

WOLV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Wolverine Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was No Debt.

WOLV's Cash-to-Debt is ranked better than
99.92% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs WOLV: No Debt

Wolverine Resources Cash-to-Debt Historical Data

The historical data trend for Wolverine 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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Wolverine Resources Cash-to-Debt Chart

Wolverine Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

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0.05

0.04

No Debt

N/A

Wolverine Resources 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															N/A	N/A	No Debt	N/A	No Debt

Competitive Comparison of Wolverine Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Wolverine 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.

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

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

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

Wolverine 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.

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

Do not have enough data to calculate Cash to Debt ratio.

Wolverine Resources's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Wolverine Resources had no debt ⁽¹⁾.

Wolverine Resources (OTCPK:WOLV) 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.

Wolverine Resources Cash-to-Debt Related Terms

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

Wolverine Resources (Wolverine Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wolverine Resources Corp (OTCPK:WOLV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

11020-Williams Road, Suite 55, Richmond, BC, CAN, V7A 1X8

Website

https://www.wolverineresourcescorp.com

Wolverine Resources Corp is an exploration stage mining company engaged in the business of identification, acquisition, and exploration of metals and minerals with a focus on base and precious metals. Its projects include Labrador property located in Canada, which is also known as Cache river property, and Frog property.

Executives

Donald Kenneth Bowins	director	8955 EMIRY STREET, MISSION A1 V4S 1A6
Rich Resources Inc.	10 percent owner	3 PIWAS STREET, PO BOX 65, NATUASHISH A4 A0P 1A0
Richard Dean Haderer	director, officer: CEO & CFO	103 HUNTCROFT PLACE NE, CALGARY A0 T2K 4E6
Slade Dyer	director	33219 BROWN CRESCENT, MISSION A1 V2V 2R3
Craig Young	director	2612 TELFORD DRIVE, KAMLOOPS A1 V1S 0A3
Bruce Edward Costerd	director, officer: CEO	#55-11020 WILLIAMS ROAD, RICHMOND A1 V7A 1X8
Lee Costerd	director, officer: President & Secretary	4055 MCLEAN ROAD, QUESNEL A1 V2J 6V5
Luke Rich	director, officer: VP Expl. & Business Devlp.	P.O. BOX 65, NATUASHISH A4 A0P 1A0
David Ian Chalk	director	20629 86A AVENUE, LANGLEY A1 V1M 3X3

Wolverine Resources (Wolverine Resources) Cash-to-Debt : No Debt (1) (As of Feb. 2024)