Protium Clean Energy (XCNQ:GRUV) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2024)

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

XCNQ:GRUV' 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 3 years, Protium Clean Energy's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:GRUV's Cash-to-Debt is ranked better than
99.96% of 2583 companies
in the Metals & Mining industry
Industry Median: 20.95 vs XCNQ:GRUV: No Debt

Protium Clean Energy Cash-to-Debt Historical Data

The historical data trend for Protium Clean Energy'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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Protium Clean Energy Cash-to-Debt Chart

Protium Clean Energy Annual Data

Trend

May22

Nov23

Nov24

Cash-to-Debt

No Debt

Protium Clean Energy Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	N/A	No Debt

Competitive Comparison of Protium Clean Energy's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Protium Clean Energy'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.

Protium Clean Energy's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Protium Clean Energy's Cash-to-Debt falls into.

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Protium Clean Energy 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.

Protium Clean Energy's Cash to Debt Ratio for the fiscal year that ended in Nov. 2024 is calculated as:

Protium Clean Energy had no debt ⁽¹⁾.

Protium Clean Energy's Cash to Debt Ratio for the quarter that ended in Nov. 2024 is calculated as:

Protium Clean Energy had no debt ⁽¹⁾.

Protium Clean Energy (XCNQ:GRUV) 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.

Protium Clean Energy Cash-to-Debt Related Terms

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

Protium Clean Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Protium Clean Energy Corp (XCNQ:GRUV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

G071:Germany

Address

1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9

Website

https://www.protium.ca

Protium Clean Energy Corp formerly Weekapaug Lithium Ltd is an exploration and development company focused on the acquisition, exploration, and development of properties that are prospective for Lithium and other metals. It holds interest in the Naikina Li Property located in northern Ontario, Canada.

Executives

Marc Robert Branson	Director, Senior Officer
Adam Roland Cyrus Nothstein	Director

Protium Clean Energy Headlines

No Headlines

Protium Clean Energy (XCNQ:GRUV) Cash-to-Debt : No Debt (1) (As of Nov. 2024)