Surge Copper (TSXV:SURG) Cash-to-Debt : 3.19 (As of Dec. 2023)

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What is Surge Copper 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. Surge Copper's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.19.

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, Surge Copper could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:SURG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 5574.77 Max: No Debt
Current: 3.19

During the past 13 years, Surge Copper's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 5574.77.

TSXV:SURG's Cash-to-Debt is ranked worse than
60.36% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs TSXV:SURG: 3.19

Surge Copper Cash-to-Debt Historical Data

The historical data trend for Surge Copper'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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Surge Copper Cash-to-Debt Chart

Surge Copper Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

0.47

131.00

62.09

26.88

Surge Copper 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															0.69	26.88	23.98	8.32	3.19

Competitive Comparison of Surge Copper's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Surge Copper'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.

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

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

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

Surge Copper 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.

Surge Copper's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	2.822	/	(0.025	+	0.08)
	=	26.88

Surge Copper'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)
	=	0.281	/	(0.025	+	0.063)
	=	3.19

Surge Copper (TSXV:SURG) 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.

Surge Copper Cash-to-Debt Related Terms

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

Surge Copper (TSXV:SURG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Surge Copper Corp (TSXV:SURG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SRGXF:USA G6D2:Germany

Address

888-700 West Georgia Street, PO Box 10351, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.surgecopper.com

Surge Copper Corp is engaged in the acquisition, exploration, and development of mineral properties hosting copper, gold, silver, and molybdenum prospects. The firm owns Ootsa Property, located in central British Columbia. The Company owns a 100% interest in the Ootsa Property, an exploration project containing the East Seel, West Seel, and Ox porphyry deposits located adjacent to the open pit Huckleberry Copper Mine, owned by Imperial Metals.

Executives

Christian Peter Kargl-simard

Director