Canstar Resources (FRA:9IU) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Canstar 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. Canstar Resources'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, Canstar Resources 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 Canstar Resources's Cash-to-Debt or its related term are showing as below:

FRA:9IU' 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, Canstar Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

FRA:9IU's Cash-to-Debt is ranked better than
99.92% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.42 vs FRA:9IU: No Debt

Canstar Resources Cash-to-Debt Historical Data

The historical data trend for Canstar 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.

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Canstar Resources Cash-to-Debt Chart

Canstar Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

Canstar 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	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, Canstar 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.

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

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

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

Canstar 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.

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

Canstar Resources had no debt ⁽¹⁾.

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

Canstar Resources had no debt ⁽¹⁾.

Canstar Resources (FRA:9IU) 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.

Canstar Resources Cash-to-Debt Related Terms

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

Canstar Resources (FRA:9IU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canstar Resources Inc (FRA:9IU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CSRNF:USA ROX:Canada

Address

220 Bay Street, Suite 550, Toronto, ON, CAN, M5J 2W4

Website

https://www.canstarresources.com

Canstar Resources Inc is focused on creating shareholder value through the discovery and development of economic mineral deposits in Newfoundland and Labrador, Canada. The company has an option to acquire a 100% interest in the Golden Baie Project in south-central Newfoundland, a claim package with recently discovered, multiple outcropping gold occurrences on a structural trend. It also holds the Buchans-Mary March project and other mineral exploration properties in Newfoundland.

Canstar Resources (FRA:9IU) Headlines

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Canstar Resources (FRA:9IU) Cash-to-Debt : No Debt (1) (As of Dec. 2023)