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GRLVF (Group Eleven Resources) Cash-to-Debt : No Debt (1) (As of Sep. 2024)


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

GRLVF' s Cash-to-Debt Range Over the Past 10 Years
Min: 15.13   Med: No Debt   Max: No Debt
Current: No Debt

During the past 9 years, Group Eleven Resources's highest Cash to Debt Ratio was No Debt. The lowest was 15.13. And the median was No Debt.

GRLVF's Cash-to-Debt is ranked better than
99.96% of 2575 companies
in the Metals & Mining industry
Industry Median: 20.29 vs GRLVF: No Debt

Group Eleven Resources Cash-to-Debt Historical Data

The historical data trend for Group Eleven 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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Group Eleven Resources Cash-to-Debt Chart

Group Eleven Resources Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only No Debt 57.48 23.81 28.45 No Debt

Group Eleven Resources Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash-to-Debt Get a 7-Day Free Trial 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 24.20 No Debt No Debt No Debt No Debt

Competitive Comparison of Group Eleven Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Group Eleven 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.

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

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

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


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Group Eleven 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.

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

Group Eleven Resources had no debt (1).

Group Eleven Resources's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Group Eleven Resources 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.

Group Eleven Resources  (OTCPK:GRLVF) 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.

Group Eleven Resources Cash-to-Debt Related Terms

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

Group Eleven Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Group Eleven Resources Corp (OTCPK:GRLVF) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
3GE:Germany ZNG:Canada
Address
885 West Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8
Website
https://www.groupelevenresources.com
Group Eleven Resources Corp is a Canada-based mining company. Principally, it is engaged in the business of exploration of mineral properties. The company's project consists of Ballinalack, PG West, Stonepark, and Silvermines among others.