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SGPTF (Sage Potash) Cash-to-Debt : 0.19 (As of Sep. 2024)


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What is Sage Potash 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. Sage Potash's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.19.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Sage Potash couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

SGPTF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19   Med: 5.32   Max: 17.05
Current: 0.19

During the past 2 years, Sage Potash's highest Cash to Debt Ratio was 17.05. The lowest was 0.19. And the median was 5.32.

SGPTF's Cash-to-Debt is ranked worse than
85.03% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs SGPTF: 0.19

Sage Potash Cash-to-Debt Historical Data

The historical data trend for Sage Potash'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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Sage Potash Cash-to-Debt Chart

Sage Potash Annual Data
Trend Mar23 Mar24
Cash-to-Debt
17.06 2.00

Sage Potash Quarterly Data
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 6.45 3.04 2.00 11.44 0.19

Competitive Comparison of Sage Potash's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Sage Potash'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.

Sage Potash's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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


Sage Potash 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.

Sage Potash's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
=0.08 / (0.03 + 0.01)
=2.00

Sage Potash's Cash to Debt Ratio for the quarter that ended in Sep. 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)
=0.119 / (0.118 + 0.497)
=0.19

* 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.

Sage Potash  (OTCPK:SGPTF) 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.

Sage Potash Cash-to-Debt Related Terms

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Sage Potash Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sage Potash Corp (OTCPK:SGPTF) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
SAGE:Canada
Address
889 West Pender Street, Suite 605, Vancouver, BC, CAN, V6C 3B2
Website
https://www.sagepotash.com
Sage Potash Corp is engaged in the acquisition, exploration, and development of mineral properties. Its principal business activity is the acquisition, exploration, and development of potash mineral properties. It holds interest in Sage Plain Potash property. The projects of the company include Sage Potash and Sage Lithium.