WHYRF (West High Yield (W.H.Y.) Resources) Cash-to-Debt : 0.03 (As of Sep. 2024)

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What is West High Yield (W.H.Y.) 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. West High Yield (W.H.Y.) Resources's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.03.

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, West High Yield (W.H.Y.) Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for West High Yield (W.H.Y.) Resources's Cash-to-Debt or its related term are showing as below:

WHYRF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: No Debt
Current: 0.03

During the past 13 years, West High Yield (W.H.Y.) Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.05.

WHYRF's Cash-to-Debt is ranked worse than
95.47% of 2584 companies
in the Metals & Mining industry
Industry Median: 17.705 vs WHYRF: 0.03

West High Yield (W.H.Y.) Resources Cash-to-Debt Historical Data

The historical data trend for West High Yield (W.H.Y.) 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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West High Yield (W.H.Y.) Resources Cash-to-Debt Chart

West High Yield (W.H.Y.) Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.03

0.28

0.04

West High Yield (W.H.Y.) 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															0.03	0.04	0.05	0.01	0.03

Competitive Comparison of West High Yield (W.H.Y.) Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, West High Yield (W.H.Y.) 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.

West High Yield (W.H.Y.) Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, West High Yield (W.H.Y.) Resources's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where West High Yield (W.H.Y.) Resources's Cash-to-Debt falls into.

West High Yield (W.H.Y.) 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.

West High Yield (W.H.Y.) 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)
	=	0.126	/	(2.955	+	0)
	=	0.04

West High Yield (W.H.Y.) Resources's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.126	/	(4.039	+	0)
	=	0.03

West High Yield (W.H.Y.) Resources (OTCPK:WHYRF) 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.

West High Yield (W.H.Y.) Resources Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of West High Yield (W.H.Y.) Resources's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

West High Yield (W.H.Y.) Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West High Yield (W.H.Y.) Resources Ltd (OTCPK:WHYRF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

W0H:Germany WHY:Canada

Address

110 Hamptons Landing North West, P.O.Box 68121, Calgary, AB, CAN, T3G 3N8

Website

http://www.whyresources.com

West High Yield (W.H.Y.) Resources Ltd is a mining exploration company. Its objective is to bring into production the greenest deposits of high-grade 99% magnesium purity. Magnesium can be used to make Magnesium Ingots/Electric Vehicles, Magnesium Batteries, Pharmaceuticals/Supplements, Magnesium Wall Board, Magnesium Cement, and Magnesium Nitrate Fertilizer.