Denison Mines (Denison Mines) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

DNN' s Cash-to-Debt Range Over the Past 10 Years
Min: 42.2 Med: No Debt Max: No Debt
Current: 303.55

During the past 13 years, Denison Mines's highest Cash to Debt Ratio was No Debt. The lowest was 42.20. And the median was No Debt.

DNN's Cash-to-Debt is ranked better than
79.78% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.43 vs DNN: 303.55

Denison Mines Cash-to-Debt Historical Data

The historical data trend for Denison Mines'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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Denison Mines Cash-to-Debt Chart

Denison Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

102.32

No Debt

Denison Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															102.32	118.52	106.94	179.85	No Debt

Competitive Comparison of Denison Mines's Cash-to-Debt

For the Uranium subindustry, Denison Mines'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.

Denison Mines's Cash-to-Debt Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Denison Mines's Cash-to-Debt distribution charts can be found below:

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

Denison Mines 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.

Denison Mines's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Denison Mines had no debt ⁽¹⁾.

Denison Mines's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Denison Mines had no debt ⁽¹⁾.

Denison Mines (AMEX:DNN) 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.

Denison Mines Cash-to-Debt Related Terms

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Denison Mines (Denison Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Denison Mines Corp (AMEX:DNN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IUQ:Germany IUQ:Germany DML:Canada

Address

40 University Avenue, Suite 1100, Toronto, ON, CAN, M5J 1T1

Website

https://www.denisonmines.com

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.