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Golden Rapture Mining (XCNQ:GLDR) Cash-to-Debt : No Debt (1) (As of Apr. 2024)


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What is Golden Rapture Mining 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. Golden Rapture Mining's cash to debt ratio for the quarter that ended in Apr. 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, Golden Rapture Mining could pay off its debt using the cash in hand for the quarter that ended in Apr. 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 Golden Rapture Mining's Cash-to-Debt or its related term are showing as below:

XCNQ:GLDR' 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 2 years, Golden Rapture Mining's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:GLDR's Cash-to-Debt is ranked better than
99.96% of 2634 companies
in the Metals & Mining industry
Industry Median: 18.48 vs XCNQ:GLDR: No Debt

Golden Rapture Mining Cash-to-Debt Historical Data

The historical data trend for Golden Rapture Mining'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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Golden Rapture Mining Cash-to-Debt Chart

Golden Rapture Mining Annual Data
Trend Apr23 Apr24
Cash-to-Debt
No Debt No Debt

Golden Rapture Mining Quarterly Data
Jan23 Jul23 Oct23 Jan24 Apr24
Cash-to-Debt N/A No Debt No Debt No Debt No Debt

Competitive Comparison of Golden Rapture Mining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Golden Rapture Mining'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.

Golden Rapture Mining's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Golden Rapture Mining's Cash-to-Debt falls into.


Golden Rapture Mining 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.

Golden Rapture Mining's Cash to Debt Ratio for the fiscal year that ended in Apr. 2024 is calculated as:

Golden Rapture Mining had no debt (1).

Golden Rapture Mining's Cash to Debt Ratio for the quarter that ended in Apr. 2024 is calculated as:

Golden Rapture Mining 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.

Golden Rapture Mining  (XCNQ:GLDR) 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.

Golden Rapture Mining Cash-to-Debt Related Terms

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Golden Rapture Mining Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Rapture Mining Corp (XCNQ:GLDR) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
N/A
Address
804 Barnes Link Sw, Edmonton, AB, CAN, T6W 1E7
Website
https://www.goldenrapturemining.com
Golden Rapture Mining Corp is a mineral resource company in the development stage that is engaged in the acquisition of interests in the exploration of mineral resource properties.
Executives
Ryan Daniel Clyde Yanch Director, Senior Officer

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