1844 Resources (FRA:2GSB) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

View and export this data going back to 2013. Start your Free Trial

What is 1844 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. 1844 Resources's cash to debt ratio for the quarter that ended in Jan. 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, 1844 Resources could pay off its debt using the cash in hand for the quarter that ended in Jan. 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 1844 Resources's Cash-to-Debt or its related term are showing as below:

FRA:2GSB' 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 13 years, 1844 Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

FRA:2GSB's Cash-to-Debt is ranked better than
99.92% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.81 vs FRA:2GSB: No Debt

1844 Resources Cash-to-Debt Historical Data

The historical data trend for 1844 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.

1844 Resources Cash-to-Debt Chart

1844 Resources Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1844 Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of 1844 Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, 1844 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.

1844 Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, 1844 Resources's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 1844 Resources's Cash-to-Debt falls into.

1844 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.

1844 Resources's Cash to Debt Ratio for the fiscal year that ended in Apr. 2023 is calculated as:

1844 Resources had no debt ⁽¹⁾.

1844 Resources's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

1844 Resources had no debt ⁽¹⁾.

1844 Resources (FRA:2GSB) 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.

1844 Resources Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of 1844 Resources's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

1844 Resources (FRA:2GSB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 1844 Resources Inc (FRA:2GSB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EFF:Canada

Address

224 - 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.1844resources.com

1844 Resources Inc is engaged in the identification, exploration, and development of mineral properties with a focus on grossly underexplored regions of Gaspe and Chibougamau Quebec. The company's exploration properties include the Vortex, Davidson, Native Copper, and Lac Arsenault.

1844 Resources (FRA:2GSB) Headlines

No Headlines

1844 Resources (FRA:2GSB) Cash-to-Debt : No Debt (1) (As of Jan. 2024)