Zacatecas Silver (TSXV:ZAC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Zacatecas Silver 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. Zacatecas Silver'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, Zacatecas Silver 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 Zacatecas Silver's Cash-to-Debt or its related term are showing as below:

TSXV:ZAC' 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 4 years, Zacatecas Silver's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

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

Zacatecas Silver Cash-to-Debt Historical Data

The historical data trend for Zacatecas Silver'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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Zacatecas Silver Cash-to-Debt Chart

Zacatecas Silver Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Zacatecas Silver Quarterly Data
	Sep20	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 Zacatecas Silver's Cash-to-Debt

For the Silver subindustry, Zacatecas Silver'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.

Zacatecas Silver's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Zacatecas Silver 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.

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

Zacatecas Silver had no debt ⁽¹⁾.

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

Zacatecas Silver had no debt ⁽¹⁾.

Zacatecas Silver (TSXV:ZAC) 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.

Zacatecas Silver Cash-to-Debt Related Terms

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

Zacatecas Silver (TSXV:ZAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zacatecas Silver Corp (TSXV:ZAC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZCTSF:USA 7TV:Germany

Address

1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7

Website

https://www.zacatecassilver.com

Zacatecas Silver Corp is engaged in the acquisition of silver properties. The Company has two key projects. The Esperanza Gold Project in Morelos State, Mexico and the Zacatecas Silver Project in Zacatecas State, Mexico.

Executives

Bryan James Rees Slusarchuk

Director

Zacatecas Silver (TSXV:ZAC) Headlines

No Headlines

Zacatecas Silver (TSXV:ZAC) Cash-to-Debt : No Debt (1) (As of Dec. 2023)