Wolfden Resources (TSXV:WLF) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Wolfden 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. Wolfden Resources's cash to debt ratio for the quarter that ended in Sep. 2024 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, Wolfden Resources could pay off its debt using the cash in hand for the quarter that ended in Sep. 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 Wolfden Resources's Cash-to-Debt or its related term are showing as below:

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

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

TSXV:WLF's Cash-to-Debt is ranked better than
99.96% of 2575 companies
in the Metals & Mining industry
Industry Median: 17.68 vs TSXV:WLF: No Debt

Wolfden Resources Cash-to-Debt Historical Data

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

Wolfden Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Wolfden Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, Wolfden 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.

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

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

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

Wolfden 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.

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

Wolfden Resources had no debt ⁽¹⁾.

Wolfden Resources's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Wolfden Resources had no debt ⁽¹⁾.

Wolfden Resources (TSXV:WLF) 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.

Wolfden Resources Cash-to-Debt Related Terms

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

Wolfden Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

WLFFF:USA

Address

1100 Russell Street, Unit 5, Thunder Bay, ON, CAN, P7B 5N2

Website

https://www.wolfdenresources.com

Wolfden Resources Corp is a mineral exploration company. Its principal activities include acquisition, exploration, and development of mineral properties. Its geographical segments include Canada and the USA. The company holds an interest in various exploration properties including Rice Island, Nickel Island, and Pickett Mountain among others.

Executives

John Seaman	Director
Ron Little	Director, Senior Officer
Gregory Etter	Director
Donald Stephen Bubar	Director
Ewan Stewart Downie	Director

Wolfden Resources Headlines

No Headlines

Wolfden Resources (TSXV:WLF) Cash-to-Debt : No Debt (1) (As of Sep. 2024)