RJKAF (RJK Explorations) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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

RJKAF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 96.33 Max: No Debt
Current: 0.19

During the past 13 years, RJK Explorations's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 96.33.

RJKAF's Cash-to-Debt is ranked worse than
85.81% of 2580 companies
in the Metals & Mining industry
Industry Median: 20.23 vs RJKAF: 0.19

RJK Explorations Cash-to-Debt Historical Data

The historical data trend for RJK Explorations'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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RJK Explorations Cash-to-Debt Chart

RJK Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

77.88

No Debt

2.76

1.15

RJK Explorations Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															1.89	1.37	1.15	0.94	No Debt

Competitive Comparison of RJK Explorations's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, RJK Explorations'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.

RJK Explorations's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

RJK Explorations 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.

RJK Explorations's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
	=	0.284	/	(0.247	+	0)
	=	1.15

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

RJK Explorations had no debt ⁽¹⁾.

RJK Explorations (OTCPK:RJKAF) 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.

RJK Explorations Cash-to-Debt Related Terms

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

RJK Explorations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » RJK Explorations Ltd (OTCPK:RJKAF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RJX.A:Canada

Address

4 AL Wende Avenue, P.O. Box 1053, Kirkland Lake, ON, CAN, P2N 3L1

Website

https://www.rjkexplorations.com

RJK Explorations Ltd is engaged in the acquisition and exploration of early-stage exploration and evaluation properties. It focuses on diamond exploration in Northern Ontario. Its projects include the Bishop and Kon diamond properties. It has one reportable operating segment, being that of acquisition and exploration and evaluation activities in Canada.

RJK Explorations Headlines

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RJKAF (RJK Explorations) Cash-to-Debt : No Debt (1) (As of Sep. 2024)