Harfang Exploration (TSXV:HAR) Cash-to-Debt : 47.97 (As of Jan. 2024)

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What is Harfang Exploration 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. Harfang Exploration's cash to debt ratio for the quarter that ended in Jan. 2024 was 47.97.

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, Harfang Exploration could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSXV:HAR' s Cash-to-Debt Range Over the Past 10 Years
Min: 47.97 Med: No Debt Max: No Debt
Current: 47.97

During the past 13 years, Harfang Exploration's highest Cash to Debt Ratio was No Debt. The lowest was 47.97. And the median was No Debt.

TSXV:HAR's Cash-to-Debt is ranked better than
56.09% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.67 vs TSXV:HAR: 47.97

Harfang Exploration Cash-to-Debt Historical Data

The historical data trend for Harfang Exploration'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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Harfang Exploration Cash-to-Debt Chart

Harfang Exploration Annual Data

Trend

Oct14

Oct15

Oct16

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

47.97

Harfang Exploration Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	45.12	42.50	47.97

Competitive Comparison of Harfang Exploration's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Harfang Exploration'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.

Harfang Exploration's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Harfang Exploration 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.

Harfang Exploration's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	6.428	/	(0.024	+	0.11)
	=	47.97

Harfang Exploration's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	6.428	/	(0.024	+	0.11)
	=	47.97

Harfang Exploration (TSXV:HAR) 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.

Harfang Exploration Cash-to-Debt Related Terms

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

Harfang Exploration (TSXV:HAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Harfang Exploration Inc (TSXV:HAR) » Definitions » Cash-to-Debt

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HRFEF:USA

Address

1100 Avenue des Canadiens-de-Montreal, Suite 300, Montreal, QC, CAN, H3B 2S2

Website

https://www.harfangexploration.com

Harfang Exploration Inc is an exploration and evaluation stage company. It is engaged in the business of acquiring and exploring mineral properties in Canada. The company's focus is currently on the exploration and evaluation of its mineral properties in the James Bay area in the Province of Quebec for gold and lithium and in northeastern Ontario for gold. Its project portfolio includes Lake Menarik, Menarik East, Serpent, Lake Fagnant, and Lake Aulneau properties, Lake Tapiatic Property, and others.

Executives

Ian James Campbell

Director

Harfang Exploration (TSXV:HAR) Headlines

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