Solaris Resources (TSX:SLS) Cash-to-Debt : 1.09 (As of Sep. 2024)

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What is Solaris 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. Solaris Resources's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.09.

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, Solaris Resources could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSX:SLS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.94 Med: 86.99 Max: No Debt
Current: 1.09

During the past 6 years, Solaris Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.94. And the median was 86.99.

TSX:SLS's Cash-to-Debt is ranked worse than
67.38% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs TSX:SLS: 1.09

Solaris Resources Cash-to-Debt Historical Data

The historical data trend for Solaris 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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Solaris Resources Cash-to-Debt Chart

Solaris Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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62.69

544.88

104.55

62.90

1.32

Solaris Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															51.76	1.32	0.94	1.71	1.09

Competitive Comparison of Solaris Resources's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Solaris 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.

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

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

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

Solaris 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.

Solaris Resources'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)
	=	52.141	/	(0.118	+	39.397)
	=	1.32

Solaris Resources'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)
	=	71.129	/	(0.29	+	64.876)
	=	1.09

Solaris Resources (TSX:SLS) 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.

Solaris Resources Cash-to-Debt Related Terms

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Solaris Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Solaris Resources Inc (TSX:SLS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SLSR:USA

Address

999 Canada Place, Suite 555, Vancouver, BC, CAN, V6C 3E1

Website

https://www.solarisresources.com

Solaris Resources Inc is advancing a portfolio of copper and gold assets in the Americas, which includes a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru, and the La Verde joint venture project.

Executives

Javier Felipe Toro	Senior Officer
Thomas Andrew Ladner	Senior Officer
Jacqueline Wagenaar	Senior Officer
Daniel Earle	Director, Senior Officer
Richard William Warke	Director
Sunny Lowe	Senior Officer
Lenard Boggio	Director or Senior Officer of 10% Security Holder
Federico Guillermo Velásquez	Senior Officer
Christian Milau	Director or Senior Officer of 10% Security Holder