Sailfish Royalty (Sailfish Royalty) Cash-to-Debt : 0.37 (As of Sep. 2023)

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What is Sailfish Royalty 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. Sailfish Royalty's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.37.

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, Sailfish Royalty couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

SROYF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 71.79 Max: No Debt
Current: 0.37

During the past 7 years, Sailfish Royalty's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 71.79.

SROYF's Cash-to-Debt is ranked worse than
78.87% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs SROYF: 0.37

Sailfish Royalty Cash-to-Debt Historical Data

The historical data trend for Sailfish Royalty'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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Sailfish Royalty Cash-to-Debt Chart

Sailfish Royalty Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

0.02

0.50

78.30

94.71

Sailfish Royalty Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															71.47	72.22	94.71	136.20	0.37

Competitive Comparison of Sailfish Royalty's Cash-to-Debt

For the Gold subindustry, Sailfish Royalty'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.

Sailfish Royalty's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Sailfish Royalty 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.

Sailfish Royalty's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	1.61	/	(0.017	+	0)
	=	94.71

Sailfish Royalty's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1.499	/	(0.145	+	3.915)
	=	0.37

Sailfish Royalty (OTCPK:SROYF) 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.

Sailfish Royalty Cash-to-Debt Related Terms

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

Sailfish Royalty (Sailfish Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sailfish Royalty Corp (OTCPK:SROYF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FISH:Canada

Address

Sea Meadow House, PO Box 116, Tortola, Road Town, VGB, VG1110

Website

https://www.sailfishroyalty.com

Sailfish Royalty Corp is engaged in the acquisition of royalty and streaming agreements. The company's portfolio has two main assets on stage projects in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold project and a 2% NSR on the rest of the area surrounding San Albino in northern Nicaragua; and an up to 3% NSR on the Spring Valley gold project in Pershing County, Nevada.