Rathdowney Resources (TSXV:RTH) Cash-to-Debt : 0.02 (As of Dec. 2023)

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What is Rathdowney Resources 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. Rathdowney Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.02.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Rathdowney Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:RTH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.37 Max: No Debt
Current: 0.02

During the past 13 years, Rathdowney Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.37.

TSXV:RTH's Cash-to-Debt is ranked worse than
96.14% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:RTH: 0.02

Rathdowney Resources Cash-to-Debt Historical Data

The historical data trend for Rathdowney Resources'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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Rathdowney Resources Cash-to-Debt Chart

Rathdowney Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.28

0.46

0.04

0.02

Rathdowney Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.04	0.06	0.04	0.02

Competitive Comparison of Rathdowney Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Rathdowney Resources'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.

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

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

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

Rathdowney Resources 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.

Rathdowney Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
	=	0.05	/	(2.884	+	0)
	=	0.02

Rathdowney Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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)
	=	0.05	/	(2.884	+	0)
	=	0.02

Rathdowney Resources (TSXV:RTH) 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.

Rathdowney Resources Cash-to-Debt Related Terms

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Rathdowney Resources (TSXV:RTH) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RATHF:USA

Address

1040 W. Georgia St., 14th Floor, Vancouver, BC, CAN, V6E 4H8

Website

https://www.rathdowneyresources.com

Rathdowney Resources Ltd is a Canada-based company engaged in the business of acquisition, exploration, and development of mineral properties. It is focused on advancing Project Olza, a modern-stage zinc-lead metal-silver project located in the Upper Silesian Mining District of Poland.

Executives

David James Copeland

Senior Officer