Playfair Mining (TSXV:PLY) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2023)

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What is Playfair Mining 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. Playfair Mining's cash to debt ratio for the quarter that ended in Nov. 2023 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, Playfair Mining could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

(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 Playfair Mining's Cash-to-Debt or its related term are showing as below:

TSXV:PLY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Playfair Mining's highest Cash to Debt Ratio was No Debt. The lowest was 0.19. And the median was No Debt.

TSXV:PLY's Cash-to-Debt is ranked better than
99.96% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.77 vs TSXV:PLY: No Debt

Playfair Mining Cash-to-Debt Historical Data

The historical data trend for Playfair Mining'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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Playfair Mining Cash-to-Debt Chart

Playfair Mining Annual Data

Trend

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Feb23

Cash-to-Debt

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No Debt

Playfair Mining Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Playfair Mining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Playfair Mining'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.

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

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

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

Playfair Mining 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.

Playfair Mining's Cash to Debt Ratio for the fiscal year that ended in Feb. 2023 is calculated as:

Playfair Mining had no debt ⁽¹⁾.

Playfair Mining's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Playfair Mining had no debt ⁽¹⁾.

Playfair Mining (TSXV:PLY) 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.

Playfair Mining Cash-to-Debt Related Terms

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

Playfair Mining (TSXV:PLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Playfair Mining Ltd (TSXV:PLY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PLYFF:USA P1J1:Germany

Address

224-470 Granville Street, Vancouver, BC, CAN, V6C 1V5

Website

https://www.playfairmining.com

Playfair Mining Ltd is a mineral exploration company in Canada. The company engages in the acquisition and exploration of mineral properties in Canada and Ireland. Its project portfolio comprises of OX Mountain project in Ireland, and Grey River Tungsten located adjacent to the Grey River on the south coast of Newfoundland, and the RKV project. The company is exploring gold at its gold, copper, cobalt and nickel. The company operates in one reportable operating segment, being the acquisition and exploration of mineral properties in Norway.

Executives

Alan Douglas Brimacombe

10% Security Holder

Playfair Mining (TSXV:PLY) Headlines

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Playfair Mining (TSXV:PLY) Cash-to-Debt : No Debt (1) (As of Nov. 2023)