Blast Resources (XCNQ:BLST) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2023)

View and export this data going back to 2023. Start your Free Trial

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

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

During the past 2 years, Blast Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:BLST's Cash-to-Debt is ranked better than
99.92% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs XCNQ:BLST: No Debt

Blast Resources Cash-to-Debt Historical Data

The historical data trend for Blast 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.

* Premium members only.

Blast Resources Cash-to-Debt Chart

Blast Resources Annual Data

Trend

Jan22

Jan23

Cash-to-Debt

N/A

No Debt

Blast Resources Quarterly Data
	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	No Debt	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, Blast 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.

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

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

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

Blast 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.

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

Blast Resources had no debt ⁽¹⁾.

Blast Resources's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

Blast Resources had no debt ⁽¹⁾.

Blast Resources (XCNQ:BLST) 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.

Blast Resources Cash-to-Debt Related Terms

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

Blast Resources (XCNQ:BLST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blast Resources Inc (XCNQ:BLST) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 Hornby Street, No. 380, Vancouver, BC, CAN, V6C 3B6

Website

Blast Resources Inc is a mineral exploration company engaged in acquiring, exploring, and evaluating resource properties. The Company holds the option to earn a 100% interest in the Property located near Vernon, Utah, United States in central Tooele County, Utah, United States. The Company's objective is to explore and, if warranted, develop the Property. The Company will evaluate opportunities to acquire interests in additional exploration-stage mineral properties.

Blast Resources (XCNQ:BLST) Headlines

No Headlines

Blast Resources (XCNQ:BLST) Cash-to-Debt : No Debt (1) (As of Oct. 2023)