Nations Royalty (TSXV:NRC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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

TSXV:NRC' 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, Nations Royalty's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:NRC's Cash-to-Debt is ranked better than
99.66% of 1450 companies
in the Asset Management industry
Industry Median: 5.505 vs TSXV:NRC: No Debt

Nations Royalty Cash-to-Debt Historical Data

The historical data trend for Nations Royalty'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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Nations Royalty Cash-to-Debt Chart

Nations Royalty Annual Data

Trend

May22

May23

May24

Cash-to-Debt

N/A

No Debt

Nations Royalty Quarterly Data
	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Nations Royalty's Cash-to-Debt

For the Asset Management subindustry, Nations Royalty'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.

Nations Royalty's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nations Royalty's Cash-to-Debt distribution charts can be found below:

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

Nations Royalty 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.

Nations Royalty's Cash to Debt Ratio for the fiscal year that ended in May. 2024 is calculated as:

Nations Royalty had no debt ⁽¹⁾.

Nations Royalty's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Nations Royalty had no debt ⁽¹⁾.

Nations Royalty (TSXV:NRC) 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.

Nations Royalty Cash-to-Debt Related Terms

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Nations Royalty Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nations Royalty Corp (TSXV:NRC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

Y96:Germany

Address

595 Burrard Street, Suite 3123, Vancouver, BC, CAN, V6X 1J1

Website

https://www.nationsroyalty.ca

Nations Royalty Corp is a royalty company focused on creating royalty diversification for First Nations. The company allow First Nations to bring forward the Value within their Benefit Agreement Royalties and unlock the Net Asset Value (NAV) Multiples afforded to Royalty Companies.

Executives