Showcase Minerals (Showcase Minerals) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Showcase Minerals 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. Showcase Minerals's cash to debt ratio for the quarter that ended in Jan. 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, Showcase Minerals could pay off its debt using the cash in hand for the quarter that ended in Jan. 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 Showcase Minerals's Cash-to-Debt or its related term are showing as below:

SHMIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.05 Med: No Debt Max: No Debt
Current: 28.1

During the past 3 years, Showcase Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 5.05. And the median was No Debt.

SHMIF's Cash-to-Debt is ranked better than
53.34% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.62 vs SHMIF: 28.10

Showcase Minerals Cash-to-Debt Historical Data

The historical data trend for Showcase Minerals'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.

* Premium members only.

Showcase Minerals Cash-to-Debt Chart

Showcase Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Cash-to-Debt

No Debt

4.93

Showcase Minerals Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	No Debt	No Debt	4.93	No Debt

Competitive Comparison of Showcase Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Showcase Minerals'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.

Showcase Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Showcase Minerals 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.

Showcase Minerals's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	0.074	/	(0.015	+	0)
	=	4.93

Showcase Minerals's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Showcase Minerals had no debt ⁽¹⁾.

Showcase Minerals (OTCPK:SHMIF) 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.

Showcase Minerals Cash-to-Debt Related Terms

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

Showcase Minerals (Showcase Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Showcase Minerals Inc (OTCPK:SHMIF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZJ0:Germany SHOW:Canada

Address

741 Harbourfront Drive North East, Salmon Arm, BC, CAN, V1E 3L4

Website

Showcase Minerals Inc is engaged in the business of mineral property exploration and development. The company holds the exclusive option to acquire a 100% interest in the Dixie Flats Claims, the North Star Claims, and the Woodruff Claims (collectively, the "Properties"), which are respectively subject to net smelters returns royalties ranging from 2.25% to 4.25%. It has one reportable segment, the exploration and development of mineral property in the State of Nevada, USA.

Showcase Minerals (Showcase Minerals) Headlines

No Headlines

Showcase Minerals (Showcase Minerals) Cash-to-Debt : No Debt (1) (As of Jan. 2024)