Big Red Mining (XCNQ:RED) Cash-to-Debt : No Debt ⁽¹⁾ (As of May. 2024)

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

XCNQ:RED' 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, Big Red Mining's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:RED's Cash-to-Debt is ranked better than
99.96% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs XCNQ:RED: No Debt

Big Red Mining Cash-to-Debt Historical Data

The historical data trend for Big Red 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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Big Red Mining Cash-to-Debt Chart

Big Red Mining Annual Data

Trend

Aug21

Aug22

Aug23

Cash-to-Debt

No Debt

Big Red Mining Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Big Red Mining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Big Red 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.

Big Red Mining's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Big Red 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.

Big Red Mining's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Big Red Mining had no debt ⁽¹⁾.

Big Red Mining's Cash to Debt Ratio for the quarter that ended in May. 2024 is calculated as:

Big Red Mining had no debt ⁽¹⁾.

Big Red Mining (XCNQ:RED) 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.

Big Red Mining Cash-to-Debt Related Terms

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Big Red Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Big Red Mining Corp (XCNQ:RED) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

K8J:Germany

Address

101 - 17565 58 Avenue, Surrey, BC, CAN, V3S 4E3

Website

https://www.bigredmining.com

Big Red Mining Corp is in the business of acquiring and exploring mineral properties. It is an exploration company focused on developing its flagship copper project, the Dobie Lake Copper Property in Ontario, Canada. The management team possesses extensive experience in financing, exploration, development, and mining. The Company's mission is to conduct future drilling campaigns on the Dobie Lake copper property to maximize its minable resource potential.

Executives

Jag Sandhu	10% Security Holder, Director, Senior Officer
James Atkinson	Director

Big Red Mining Headlines

No Headlines

Big Red Mining (XCNQ:RED) Cash-to-Debt : No Debt (1) (As of May. 2024)