Whitemud Resources (TSXV:WMK) Cash-to-Debt : 0.02 (As of Mar. 2024)

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What is Whitemud 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. Whitemud Resources's cash to debt ratio for the quarter that ended in Mar. 2024 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, Whitemud Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSXV:WMK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 3.2
Current: 0.02

During the past 13 years, Whitemud Resources's highest Cash to Debt Ratio was 3.20. The lowest was 0.00. And the median was 0.01.

TSXV:WMK's Cash-to-Debt is ranked worse than
97.66% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.77 vs TSXV:WMK: 0.02

Whitemud Resources Cash-to-Debt Historical Data

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

Whitemud Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

3.20

2.05

1.59

0.01

Whitemud Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.56	1.26	0.93	0.01	0.02

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

For the Other Industrial Metals & Mining subindustry, Whitemud 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.

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

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

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

Whitemud 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.

Whitemud 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)
	=	0.01	/	(1.14	+	0)
	=	0.01

Whitemud 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)
	=	0.074	/	(1.14	+	3.018)
	=	0.02

Whitemud Resources (TSXV:WMK) 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.

Whitemud Resources Cash-to-Debt Related Terms

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

Whitemud Resources (TSXV:WMK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 - 5th Avenue SW, Suite 3900, Bow Valley Square 2, Calgary, AB, CAN, T2P 2V7

Website

https://www.whitemudresources.com

Whitemud Resources Inc operates in two segments, namely Metakaolin, which includes mining, processing, and marketing kaolin and metakaolin; and Commodities, which manages and marketing commodities. The majority of its revenue comes from the commodities segment.

Executives

Stanley Alex Owerko

Director, Director or Senior Officer of 10% Security Holder, Senior Officer