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Electrum Discovery (Electrum Discovery) Cash-to-Debt : No Debt (1) (As of Mar. 2024)


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

ELDCF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44   Med: No Debt   Max: No Debt
Current: 9.9

During the past 2 years, Electrum Discovery's highest Cash to Debt Ratio was No Debt. The lowest was 0.44. And the median was No Debt.

ELDCF's Cash-to-Debt is ranked worse than
53.85% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs ELDCF: 9.90

Electrum Discovery Cash-to-Debt Historical Data

The historical data trend for Electrum Discovery'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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Electrum Discovery Cash-to-Debt Chart

Electrum Discovery Annual Data
Trend Dec22 Dec23
Cash-to-Debt
No Debt 0.44

Electrum Discovery Quarterly Data
Dec22 Mar23 Dec23 Mar24
Cash-to-Debt No Debt N/A 0.44 No Debt

Competitive Comparison of Electrum Discovery's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Electrum Discovery'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.

Electrum Discovery's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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


Electrum Discovery 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.

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

Cash to Debt Ratio= Cash, Cash Equivalents, Marketable Securities / Total Debt
= Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=0.037 / (0 + 0.085)
=0.44

Electrum Discovery's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Electrum Discovery 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.

Electrum Discovery  (GREY:ELDCF) 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.

Electrum Discovery Cash-to-Debt Related Terms

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Electrum Discovery (Electrum Discovery) Business Description

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Address
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Electrum Discovery Corp is an Canadian-based mineral exploration and development company focused on the Western Tethyan Belt with activities in the Republic of Serbia. The current focus of the company is its copper-gold Timok East Project.

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