Omega Pacific Resources (XCNQ:OMGA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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

XCNQ:OMGA' 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 1 years, Omega Pacific Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:OMGA's Cash-to-Debt is ranked better than
99.92% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs XCNQ:OMGA: No Debt

Omega Pacific Resources Cash-to-Debt Historical Data

The historical data trend for Omega Pacific 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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Omega Pacific Resources Cash-to-Debt Chart

Omega Pacific Resources Annual Data

Trend

Oct22

Cash-to-Debt

No Debt

Omega Pacific Resources Quarterly Data
	Jan23	Apr23	Jul23	Jan24
Cash-to-Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Omega Pacific Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Omega Pacific 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.

Omega Pacific Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Omega Pacific 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.

Omega Pacific Resources's Cash to Debt Ratio for the fiscal year that ended in Oct. 2022 is calculated as:

Omega Pacific Resources had no debt ⁽¹⁾.

Omega Pacific Resources's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Omega Pacific Resources had no debt ⁽¹⁾.

Omega Pacific Resources (XCNQ:OMGA) 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.

Omega Pacific Resources Cash-to-Debt Related Terms

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

Omega Pacific Resources (XCNQ:OMGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omega Pacific Resources Inc (XCNQ:OMGA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

Q0F:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

Omega Pacific Resources Inc is engaged in the business of mineral exploration in Canada. It mainly engages in the acquisition, exploration, and development of mineral exploration properties. It holds an interest in the Lekcin property located in the New Westminster Mining Division, British Columbia, Canada.