Hoshi Resource (TSXV:HRC.P) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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

TSXV:HRC.P' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Hoshi Resource's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:HRC.P's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.24 vs TSXV:HRC.P: No Debt

Hoshi Resource Cash-to-Debt Historical Data

The historical data trend for Hoshi Resource'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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Hoshi Resource Cash-to-Debt Chart

Hoshi Resource Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Hoshi Resource Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Hoshi Resource's Cash-to-Debt

For the Shell Companies subindustry, Hoshi Resource'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.

Hoshi Resource's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Hoshi Resource's Cash-to-Debt distribution charts can be found below:

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

Hoshi Resource 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.

Hoshi Resource's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Hoshi Resource had no debt ⁽¹⁾.

Hoshi Resource's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Hoshi Resource had no debt ⁽¹⁾.

Hoshi Resource (TSXV:HRC.P) 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.

Hoshi Resource Cash-to-Debt Related Terms

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

Hoshi Resource (TSXV:HRC.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Hoshi Resource Corp (TSXV:HRC.P) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

900, 903 - 8th Avenue SW, Calgary, AB, CAN, T2P 0P7

Website

Hoshi Resource Corp is engaged in identifying and evaluating assets or businesses with a view to potentially acquire them or an interest therein by completing a purchase transaction, by exercising of an option or by any associated transaction.

Hoshi Resource (TSXV:HRC.P) Headlines

No Headlines

Hoshi Resource (TSXV:HRC.P) Cash-to-Debt : No Debt (1) (As of Mar. 2024)