Newpath Resources (XCNQ:PATH) Cash-to-Debt : 0.20 (As of Oct. 2023)

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What is Newpath 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. Newpath Resources's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.20.

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, Newpath Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

The historical rank and industry rank for Newpath Resources's Cash-to-Debt or its related term are showing as below:

XCNQ:PATH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 1.22 Max: No Debt
Current: 0.2

During the past 4 years, Newpath Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.14. And the median was 1.22.

XCNQ:PATH's Cash-to-Debt is ranked worse than
84.5% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs XCNQ:PATH: 0.20

Newpath Resources Cash-to-Debt Historical Data

The historical data trend for Newpath 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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Newpath Resources Cash-to-Debt Chart

Newpath Resources Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

No Debt

1.17

0.49

Newpath Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial												0.53	0.63	0.49	0.14	0.20

Competitive Comparison of Newpath Resources's Cash-to-Debt

For the Gold subindustry, Newpath 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.

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

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

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

Newpath 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.

Newpath Resources's Cash to Debt Ratio for the fiscal year that ended in Apr. 2023 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)
	=	0.949	/	(0	+	1.92)
	=	0.49

Newpath Resources's Cash to Debt Ratio for the quarter that ended in Oct. 2023 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)
	=	0.397	/	(2.038	+	0)
	=	0.19

Newpath Resources (XCNQ:PATH) 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.

Newpath Resources Cash-to-Debt Related Terms

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Newpath Resources (XCNQ:PATH) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RDYFF:USA 0MZ:Germany

Address

333 Terminal Avenue, Unit 220, Vancouver, BC, CAN, V6A 4C1

Website

https://www.newpathresources.com

Newpath Resources Inc is a precious metals exploration company. It owns the Northshore Gold Project, located in the Schreiber-Hemlo Greenstone Belt near Thunder Bay, Ontario which is prospective for gold and silver mineralization. The company also owns an interest in two separate claim blocks known as the Hemlo Eastern Flanks Project. The company also holds an option to acquire a 100% undivided interest in a continuous claim block comprising the Emmons Peak Project located south of Dryden, Ontario that is near the Treasury Metals Goliath and Goldlund advanced gold development projects.

Executives

Alexander Mcaulay

Director