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Solitario Resources (Solitario Resources) Cash-to-Debt

: 108.63 (As of Dec. 2023)
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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. Solitario Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 108.63.

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, Solitario Resources could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Solitario Resources's Cash-to-Debt or its related term are showing as below:

XPL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58   Med: 323.91   Max: No Debt
Current: 108.63

During the past 13 years, Solitario Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.58. And the median was 323.91.

XPL's Cash-to-Debt is ranked better than
60.04% of 2635 companies
in the Metals & Mining industry
Industry Median: 17.94 vs XPL: 108.63

Solitario Resources Cash-to-Debt Historical Data

The historical data trend for Solitario 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.

Solitario Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 175.88 471.94 95.22 149.03 108.63

Solitario Resources 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 149.03 195.24 35.88 55.41 108.63

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Solitario 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.


Solitario Resources Cash-to-Debt Distribution

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

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



Solitario 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.

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

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

* 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.


Solitario Resources  (AMEX:XPL) 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.


Solitario Resources Cash-to-Debt Related Terms

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


Solitario Resources (Solitario Resources) Business Description

Traded in Other Exchanges
Address
4251 Kipling Street, Suite 390, Wheat Ridge, CO, USA, 80033
Solitario Resources Corp is exploration company engaging in acquiring, exploring, and developing zinc properties and other precious metals in safe jurisdictions in North and South America. It has joint venture interests in large, high-grade zinc development projects. The Florida Canyon Zinc Project in Peru is a development asset held jointly with Nexa Resources S.A., Golden Crest Project in South Dakota and the Lik Zinc Project represents a large-tonnage, high-grade development project in Alaska in partnership with Teck Resources. In addition, the company has an additional portfolio of exploration properties and royalties in the Americas.
Executives
James Kb Hesketh director 65 SOUTH JOYCE STREET, GOLDEN CO 80401
Debbie Mino Austin director 128 APRIL BREEZE ST., MONTGOMERY CO 77356
James R Maronick officer: CFO 4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Christopher E Herald director, officer: CEO 4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Walter H Hunt officer: Vice President Exploration 4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Gil Atzmon director 1718 FOX TREE LN, SAN ANTONIO TX 78248
John A Labate director
Brian Labadie director 24138 FERN CRESCENT, MAPLE RIDGE A1 V4R 2S1
Leonard Harris director 4251 KIPLING ST STE 390, WHEAT RIDGE CO 80033
Jones Mark E Iii director 16360 PARK TEN PLACE, SUITE 217, HOUSTON TX 77084
John Hainey director 216 TOYNBEE TRAIL, SCARBOROUGH A6 M1E 1G9
Steven A Webster director 500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
Daniel B Leonard director 4510 SILVER CLIFF COURT, CASTLE ROCK CO 80108
Crown Resources Corp 10 percent owner 4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033