Route 109 Resources (STU:8M0) Cash-to-Debt : 5.48 (As of Nov. 2024)

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What is Route 109 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. Route 109 Resources's cash to debt ratio for the quarter that ended in Nov. 2024 was 5.48.

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, Route 109 Resources could pay off its debt using the cash in hand for the quarter that ended in Nov. 2024.

The historical rank and industry rank for Route 109 Resources's Cash-to-Debt or its related term are showing as below:

STU:8M0' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: No Debt Max: No Debt
Current: 5.5

During the past 8 years, Route 109 Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.42. And the median was No Debt.

STU:8M0's Cash-to-Debt is ranked worse than
57.41% of 2576 companies
in the Metals & Mining industry
Industry Median: 20.47 vs STU:8M0: 5.50

Route 109 Resources Cash-to-Debt Historical Data

The historical data trend for Route 109 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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Route 109 Resources Cash-to-Debt Chart

Route 109 Resources Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Cash-to-Debt

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No Debt

7.21

Route 109 Resources Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	0.42	7.21	5.48

Competitive Comparison of Route 109 Resources's Cash-to-Debt

For the Gold subindustry, Route 109 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.

Route 109 Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Route 109 Resources's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Route 109 Resources's Cash-to-Debt falls into.

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Route 109 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.

Route 109 Resources's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	0.822	/	(0	+	0.114)
	=	7.21

Route 109 Resources's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	0.663	/	(0	+	0.121)
	=	5.48

Route 109 Resources (STU:8M0) 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.

Route 109 Resources Cash-to-Debt Related Terms

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Route 109 Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Route 109 Resources Inc (STU:8M0) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

RTE:Canada

Address

1177 W. Hastings Street, Suite 2700, Vancouver, BC, CAN, V6E 2K3

Website

https://www.route109resources.com

Route 109 Resources Inc is a Canadian exploration company with two historical high-grade assets in Quebec. Currently, it is Exploring for Copper and Gold in Quebec. The Dunlop Bay property has 76 contiguous mineral claims that cover 4,226 hectares, and the King Tut property has 120 contiguous mineral claims that cover 5,206 hectares.

Route 109 Resources Headlines

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