SRQ Resources (TSXV:SRQ) Cash-to-Debt : 27.05 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is SRQ 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. SRQ Resources's cash to debt ratio for the quarter that ended in Mar. 2024 was 27.05.

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, SRQ Resources could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSXV:SRQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 23.15 Med: No Debt Max: No Debt
Current: 27.05

During the past 3 years, SRQ Resources's highest Cash to Debt Ratio was No Debt. The lowest was 23.15. And the median was No Debt.

TSXV:SRQ's Cash-to-Debt is ranked better than
52.92% of 2651 companies
in the Metals & Mining industry
Industry Median: 17.71 vs TSXV:SRQ: 27.05

SRQ Resources Cash-to-Debt Historical Data

The historical data trend for SRQ 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.

* Premium members only.

SRQ Resources Cash-to-Debt Chart

SRQ Resources Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

23.15

SRQ Resources Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			N/A	No Debt	No Debt	23.15	27.05

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

For the Other Industrial Metals & Mining subindustry, SRQ 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.

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

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

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

SRQ 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.

SRQ 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)
	=	1.736	/	(0.048	+	0.027)
	=	23.15

SRQ Resources's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	1.515	/	(0.038	+	0.018)
	=	27.05

SRQ Resources (TSXV:SRQ) 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.

SRQ Resources Cash-to-Debt Related Terms

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

SRQ Resources (TSXV:SRQ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SRQRF:USA

Address

1320 Graham Ville, Suite 132, Montreal, QC, CAN, H3P 3C8

Website

SRQ Resources Inc is a mineral exploration and development company. SRQ is focused on the creation of a North American nickel power play, notably with the Lac Brule property in Quebec. The company owns a total of 525 exploration claims in the province of Quebec, Canada, related to different properties. The company's properties include The Lac Brule property, The Lac Brennan property, The Lac Jim property, The Lac Picanoc property, and The Lac Montmord property.

SRQ Resources (TSXV:SRQ) Headlines

No Headlines