PRRSF (Prospect Ridge Resources) Cash-to-Debt : 12.44 (As of Aug. 2024)

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What is Prospect Ridge 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. Prospect Ridge Resources's cash to debt ratio for the quarter that ended in Aug. 2024 was 12.44.

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, Prospect Ridge Resources could pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

The historical rank and industry rank for Prospect Ridge Resources's Cash-to-Debt or its related term are showing as below:

PRRSF' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.77 Med: 12.48 Max: No Debt
Current: 12.48

During the past 5 years, Prospect Ridge Resources's highest Cash to Debt Ratio was No Debt. The lowest was 4.77. And the median was 12.48.

PRRSF's Cash-to-Debt is ranked worse than
52.53% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs PRRSF: 12.48

Prospect Ridge Resources Cash-to-Debt Historical Data

The historical data trend for Prospect Ridge 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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Prospect Ridge Resources Cash-to-Debt Chart

Prospect Ridge Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Aug24

Cash-to-Debt

No Debt

303.00

10.26

4.77

12.44

Prospect Ridge Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial											4.77	3.04	2.10	4.71	12.44

Competitive Comparison of Prospect Ridge Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Prospect Ridge 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.

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

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

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

Prospect Ridge 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.

Prospect Ridge Resources's Cash to Debt Ratio for the fiscal year that ended in Aug. 2024 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)
	=	3.098	/	(0.056	+	0.193)
	=	12.44

Prospect Ridge Resources's Cash to Debt Ratio for the quarter that ended in Aug. 2024 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)
	=	3.098	/	(0.056	+	0.193)
	=	12.44

Prospect Ridge Resources (OTCPK:PRRSF) 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.

Prospect Ridge Resources Cash-to-Debt Related Terms

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Prospect Ridge Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prospect Ridge Resources Corp (OTCPK:PRRSF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0ED:Germany PRR:Canada

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.prospectridgeresources.com

Prospect Ridge Resources Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects in North America. The company's material property is the Galinee Project, consisting of 15 contiguous mineral claims covering an area of approximately 839.45 hectares in the province of Quebec. It also holds interest in Holy Grail Property which is located north of Terrace, BC. It started the project Knauss Creek Property.