Belmont Resources (TSXV:BEA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jul. 2024)

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

TSXV:BEA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: No Debt Max: No Debt
Current: 5.07

During the past 13 years, Belmont Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was No Debt.

TSXV:BEA's Cash-to-Debt is ranked worse than
58.21% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs TSXV:BEA: 5.07

Belmont Resources Cash-to-Debt Historical Data

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

Belmont Resources Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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0.19

No Debt

Belmont Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash-to-Debt	Get a 7-Day Free Trial															29.07	22.07	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, Belmont 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.

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

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

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

Belmont 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.

Belmont Resources's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:

Belmont Resources had no debt ⁽¹⁾.

Belmont Resources's Cash to Debt Ratio for the quarter that ended in Jul. 2024 is calculated as:

Belmont Resources had no debt ⁽¹⁾.

Belmont Resources (TSXV:BEA) 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.

Belmont Resources Cash-to-Debt Related Terms

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

Belmont Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Belmont Resources Inc (TSXV:BEA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

L3L2:Germany

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.belmontresources.com

Belmont Resources Inc is a Canadian resources company that is engaged in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. Its business activity of the company is the acquisition and exploration of lithium in the Kibby Basin property in Nevada, USA. It also holds interests in a gold project which is Pathfinder, Athelstan Jackpot, CBC Copper, Lone Star Copper, and Crackingstone Uranium project.

Executives

Gary Musil	Director
George Sookochoff	Director
Laurence Sookochoff	Director
James Howard Place	Director
Karim Rayani	Director

Belmont Resources Headlines

No Headlines

Belmont Resources (TSXV:BEA) Cash-to-Debt : No Debt (1) (As of Jul. 2024)