Red Canyon Resources (XCNQ:REDC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Red Canyon 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. Red Canyon Resources's cash to debt ratio for the quarter that ended in Dec. 2023 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, Red Canyon Resources could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Red Canyon Resources's Cash-to-Debt or its related term are showing as below:

XCNQ:REDC' 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 4 years, Red Canyon Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:REDC's Cash-to-Debt is ranked better than
99.92% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.37 vs XCNQ:REDC: No Debt

Red Canyon Resources Cash-to-Debt Historical Data

The historical data trend for Red Canyon 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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Red Canyon Resources Cash-to-Debt Chart

Red Canyon Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Red Canyon Resources Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Red Canyon Resources's Cash-to-Debt

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

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

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

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

Red Canyon 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.

Red Canyon Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Red Canyon Resources had no debt ⁽¹⁾.

Red Canyon Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Red Canyon Resources had no debt ⁽¹⁾.

Red Canyon Resources (XCNQ:REDC) 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.

Red Canyon Resources Cash-to-Debt Related Terms

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

Red Canyon Resources (XCNQ:REDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Canyon Resources Ltd (XCNQ:REDC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4

Website

https://www.redcanyonresources.com

Red Canyon Resources Ltd is a mineral resource company principally engaged in the acquisition and exploration of mineral resource properties. Its objective is to locate and develop copper and associated precious metals, focusing initially on the exploration and development of its principal project, the Peak Property, located in British Columbia, Canada.

Red Canyon Resources (XCNQ:REDC) Headlines

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Red Canyon Resources (XCNQ:REDC) Cash-to-Debt : No Debt (1) (As of Dec. 2023)