Red Pine Exploration (TSXV:RPX) Cash-to-Debt : 19.53 (As of Apr. 2024)

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What is Red Pine 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. Red Pine Exploration's cash to debt ratio for the quarter that ended in Apr. 2024 was 19.53.

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, Red Pine Exploration could pay off its debt using the cash in hand for the quarter that ended in Apr. 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 Red Pine Exploration's Cash-to-Debt or its related term are showing as below:

TSXV:RPX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: 49.49 Max: No Debt
Current: 19.53

During the past 13 years, Red Pine Exploration's highest Cash to Debt Ratio was No Debt. The lowest was 0.44. And the median was 49.49.

TSXV:RPX's Cash-to-Debt is ranked better than
50.6% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs TSXV:RPX: 19.53

Red Pine Exploration Cash-to-Debt Historical Data

The historical data trend for Red Pine 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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Red Pine Exploration Cash-to-Debt Chart

Red Pine Exploration Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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41.06

2.04

10.28

25.70

No Debt

Red Pine Exploration Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Cash-to-Debt	Get a 7-Day Free Trial															10.06	No Debt	No Debt	37.43	19.53

Competitive Comparison of Red Pine Exploration's Cash-to-Debt

For the Gold subindustry, Red Pine 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.

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

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

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

Red Pine 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.

Red Pine Exploration's Cash to Debt Ratio for the fiscal year that ended in Jul. 2023 is calculated as:

Red Pine Exploration had no debt ⁽¹⁾.

Red Pine Exploration's Cash to Debt Ratio for the quarter that ended in Apr. 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)
	=	3.534	/	(0.102	+	0.079)
	=	19.52

Red Pine Exploration (TSXV:RPX) 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.

Red Pine Exploration Cash-to-Debt Related Terms

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Red Pine Exploration Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RDEXF:USA RPX:Germany

Address

145 Wellington Street West, Suite 1001, Toronto, ON, CAN, M5J 1H8

Website

https://www.redpineexp.com

Red Pine Exploration Inc is a Canadian precious metals explorer company. It is involved in the identification, acquisition, and development of properties in Ontario, Canada. The company's flagship Wawa Gold Project is located 2km southeast of the Municipality of Wawa, in Northern Ontario. The property, comprising six thousand nine hundred and eighty six hectares, hosts several former mines with a combined historic production of One hundred twenty thousand oz gold.

Executives

Alamos Gold Inc.	10% Security Holder
Quentin Yarie	Director
Paul Douglas Martin	Director
Edward William Drew Anwyll	Director
Jean-francois Montreuil	Senior Officer
Robert Brian Dodds	Director

Red Pine Exploration Headlines

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