High Tide Resources (XCNQ:HTRC) Cash-to-Debt : 0.23 (As of Dec. 2024)

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What is High Tide 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. High Tide Resources's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.23.

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, High Tide Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 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 High Tide Resources's Cash-to-Debt or its related term are showing as below:

XCNQ:HTRC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: No Debt Max: No Debt
Current: 0.23

During the past 4 years, High Tide Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.23. And the median was No Debt.

XCNQ:HTRC's Cash-to-Debt is ranked worse than
84.01% of 2583 companies
in the Metals & Mining industry
Industry Median: 20.95 vs XCNQ:HTRC: 0.23

High Tide Resources Cash-to-Debt Historical Data

The historical data trend for High Tide 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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High Tide Resources Cash-to-Debt Chart

High Tide Resources Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

No Debt

High Tide Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial											No Debt	No Debt	No Debt	No Debt	0.23

Competitive Comparison of High Tide Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, High Tide 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.

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

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

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

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High Tide 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.

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

High Tide Resources had no debt ⁽¹⁾.

High Tide Resources's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.029	/	(0.128	+	0)
	=	0.23

High Tide Resources (XCNQ:HTRC) 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.

High Tide Resources Cash-to-Debt Related Terms

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High Tide Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » High Tide Resources Corp (XCNQ:HTRC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Yonge Street, Suite No. 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.hightideresources.com

High Tide Resources Corp is engaged in acquiring and exploring iron ore and electric vehicle (EV) battery metal projects. The company owns interest in the following projects; Labrador West Iron Project located adjacent to the Carol Lake Mine in Labrador City, NF and the Lac Pegma copper-nickel-cobalt deposit located approximately 50 kilometres southeast of Fermont. It operates in a single reportable operating segment, namely the acquisition, exploration and development of mineral exploration projects.

Executives

Michael T. Zurowski

Senior Officer

High Tide Resources Headlines

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