Stinger Resources (TSXV:STNG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

TSXV:STNG' s Cash-to-Debt Range Over the Past 10 Years
Min: 248.71 Med: No Debt Max: No Debt
Current: No Debt

During the past 4 years, Stinger Resources's highest Cash to Debt Ratio was No Debt. The lowest was 248.71. And the median was No Debt.

TSXV:STNG's Cash-to-Debt is ranked better than
99.92% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:STNG: No Debt

Stinger Resources Cash-to-Debt Historical Data

The historical data trend for Stinger 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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Stinger Resources Cash-to-Debt Chart

Stinger Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

248.71

No Debt

Stinger Resources Quarterly Data
	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Other Precious Metals & Mining subindustry, Stinger 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.

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

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

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

Stinger 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.

Stinger Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Stinger Resources had no debt ⁽¹⁾.

Stinger Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Stinger Resources had no debt ⁽¹⁾.

Stinger Resources (TSXV:STNG) 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.

Stinger Resources Cash-to-Debt Related Terms

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

Stinger Resources (TSXV:STNG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

STNRF:USA

Address

92-2nd Avenue West, PO Box 70, Cardston, AB, CAN, T0K 0K0

Website

https://www.stingerresources.com

Stinger Resources Inc is engaged in the exploration and development of mineral properties in Canada. It holds interests in the properties of the Dunwell Mine, the Ample Goldmax, D1 McBride and the Gold Hill project, among others.