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Stearman Resources (XCNQ:STMN) Cash-to-Debt : No Debt (1) (As of Feb. 2024)


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

XCNQ:STMN' 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, Stearman Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

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

Stearman Resources Cash-to-Debt Historical Data

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

Stearman Resources Annual Data
Trend Aug22 Aug23
Cash-to-Debt
No Debt No Debt

Stearman Resources Quarterly Data
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 Stearman Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Stearman 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.

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

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

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


Stearman 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.

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

Stearman Resources had no debt (1).

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

Stearman Resources had no debt (1).

* 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.

Stearman Resources  (XCNQ:STMN) 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.

Stearman Resources Cash-to-Debt Related Terms

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

Stearman Resources (XCNQ:STMN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stearman Resources Inc (XCNQ:STMN) » Definitions » Cash-to-Debt
Comparable Companies
TSXV:HBK XCNQ:GOH XCNQ:TANA XCNQ:NSJ XCNQ:PMS XCNQ:NXU.X XCNQ:PEK XCNQ:BJB TSXV:VEC.H TSXV:NMG.H ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
N/A
Address
422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4
Website
Stearman Resources Inc is engaged in the business of the acquisition, exploration, and development of mineral resource properties. The company's sole mineral property interest is the Miniac Option on the Miniac Property located in the northern Abitbi region of Quebec.
Executives
Steve Mathiesen Director

Stearman Resources (XCNQ:STMN) Headlines

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