QZMRF (Quartz Mountain Resources) Cash-to-Debt : 82.64 (As of Oct. 2024)

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What is Quartz Mountain 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. Quartz Mountain Resources's cash to debt ratio for the quarter that ended in Oct. 2024 was 82.64.

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, Quartz Mountain Resources could pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

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

QZMRF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 47.36 Max: No Debt
Current: 79.55

During the past 13 years, Quartz Mountain Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 47.36.

QZMRF's Cash-to-Debt is ranked better than
58.44% of 2584 companies
in the Metals & Mining industry
Industry Median: 17.705 vs QZMRF: 79.55

Quartz Mountain Resources Cash-to-Debt Historical Data

The historical data trend for Quartz Mountain 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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Quartz Mountain Resources Cash-to-Debt Chart

Quartz Mountain Resources Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Cash-to-Debt

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No Debt

4.21

7.55

2.92

86.88

Quartz Mountain Resources Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															14.14	1.70	2.95	86.88	82.64

Competitive Comparison of Quartz Mountain Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Quartz Mountain 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.

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

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

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

Quartz Mountain 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.

Quartz Mountain Resources's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	1.39	/	(0.009	+	0.007)
	=	86.88

Quartz Mountain Resources's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	1.157	/	(0.009	+	0.005)
	=	82.64

Quartz Mountain Resources (OTCPK:QZMRF) 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.

Quartz Mountain Resources Cash-to-Debt Related Terms

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Quartz Mountain Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quartz Mountain Resources Ltd (OTCPK:QZMRF) » Definitions » Cash-to-Debt

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QZM:Canada

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.quartzmountainresources.com

Quartz Mountain Resources Ltd is in the business of exploring and developing mineral properties in Canada. It is focused on acquiring, exploring, developing, and transacting important scale gold, silver, and copper deposits in British Columbia. The projects that the company holds an interest in are the Maestro project and the Jake project. All the company's assets are located in Canada.