ERYTF (Eagle Royalties) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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

ERYTF' 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 3 years, Eagle Royalties's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ERYTF's Cash-to-Debt is ranked better than
99.96% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs ERYTF: No Debt

Eagle Royalties Cash-to-Debt Historical Data

The historical data trend for Eagle Royalties'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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Eagle Royalties Cash-to-Debt Chart

Eagle Royalties Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

No Debt

Eagle Royalties Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Eagle Royalties's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Eagle Royalties'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.

Eagle Royalties's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Eagle Royalties 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.

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

Eagle Royalties had no debt ⁽¹⁾.

Eagle Royalties's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Eagle Royalties had no debt ⁽¹⁾.

Eagle Royalties (OTCPK:ERYTF) 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.

Eagle Royalties Cash-to-Debt Related Terms

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Eagle Royalties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eagle Royalties Ltd (OTCPK:ERYTF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ER:Canada

Address

44 – 12th Avenue South, Suite 200, Cranbrook, BC, CAN, V1C 2R7

Website

https://www.eagleroyalties.com

Eagle Royalties Ltd manages royalty assets. The firm holds royalty interests on over 40 mineral exploration projects in western Canada. These projects are being explored for commodities that include gold, silver, critical metals, uranium, rare-earth elements, diamonds, and industrial minerals.