Forte Minerals (XCNQ:CUAU) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

XCNQ:CUAU' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.94 Med: 5020.45 Max: No Debt
Current: No Debt

During the past 4 years, Forte Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 7.94. And the median was 5020.45.

XCNQ:CUAU's Cash-to-Debt is ranked better than
99.96% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs XCNQ:CUAU: No Debt

Forte Minerals Cash-to-Debt Historical Data

The historical data trend for Forte Minerals'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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Forte Minerals Cash-to-Debt Chart

Forte Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

40.90

7.94

No Debt

Forte Minerals Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Forte Minerals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Forte Minerals'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.

Forte Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Forte Minerals 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.

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

Forte Minerals had no debt ⁽¹⁾.

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

Forte Minerals had no debt ⁽¹⁾.

Forte Minerals (XCNQ:CUAU) 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.

Forte Minerals Cash-to-Debt Related Terms

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

Forte Minerals (XCNQ:CUAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forte Minerals Corp (XCNQ:CUAU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FOMNF:USA 2OA:Germany

Address

108 - 744 West Hastings Street, Vancouver, BC, CAN, V6C 1A5

Website

https://www.forteminerals.com

Forte Minerals Corp is a mining exploration company focused on copper and gold in Peru. Its projects are Esperanza Project, Pucarini Project, and Don Gregorio Project.

Forte Minerals (XCNQ:CUAU) Headlines

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Forte Minerals (XCNQ:CUAU) Cash-to-Debt : No Debt (1) (As of Dec. 2023)