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


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

TSXV:ZNX' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.43   Med: No Debt   Max: No Debt
Current: No Debt

During the past 13 years, Zincx Resources's highest Cash to Debt Ratio was No Debt. The lowest was 11.43. And the median was No Debt.

TSXV:ZNX's Cash-to-Debt is ranked better than
99.96% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.81 vs TSXV:ZNX: No Debt

Zincx Resources Cash-to-Debt Historical Data

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

Zincx Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.28 43.20 21.18 33.03 No Debt

Zincx 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.13 No Debt No Debt No Debt No Debt

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

For the Other Industrial Metals & Mining subindustry, Zincx 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.


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

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

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



Zincx 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.

Zincx Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Zincx Resources had no debt (1).

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

Zincx Resources had no debt (1).

* 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.


Zincx Resources  (TSXV:ZNX) 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.


Zincx Resources Cash-to-Debt Related Terms

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


Zincx Resources Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 2050, PO Box 11121, Royal Centre, Vancouver, BC, CAN, V6E 3P3
Zincx Resources Corp is a mineral exploration company. The firm is engaged in the exploration and evaluation of resource properties in Canada. It holds an interest in the Akie Property and the Kechika Regional project in British Columbia, Canada.
Executives
Hari Varshney Senior Officer
Peeyush Kumar Varshney Director, Senior Officer
Francis Kenneth Macdonald Senior Officer
Debbie Lew Senior Officer

Zincx Resources Headlines

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