Tana Resources (XCNQ:TANA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jul. 2024)

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

XCNQ:TANA' 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, Tana Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

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

Tana Resources Cash-to-Debt Historical Data

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

Tana Resources Annual Data

Trend

Oct21

Oct22

Oct23

Cash-to-Debt

No Debt

Tana Resources Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, Tana 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.

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

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

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

Tana 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.

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

Tana Resources had no debt ⁽¹⁾.

Tana Resources's Cash to Debt Ratio for the quarter that ended in Jul. 2024 is calculated as:

Tana Resources had no debt ⁽¹⁾.

Tana Resources (XCNQ:TANA) 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.

Tana Resources Cash-to-Debt Related Terms

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

Tana Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Melville Street., Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

https://www.tanaresources.ca

Tana Resources Corp is a Canadian mining exploration company focused on the acquisition and development of high-value mining projects. Its activities include the acquisition and exploration of mineral resource properties with an emphasis on the Double T Property located in the Liard Mining District, British Columbia.

Executives

Vartan Korajian

Director, Senior Officer

Tana Resources Headlines

No Headlines

Tana Resources (XCNQ:TANA) Cash-to-Debt : No Debt (1) (As of Jul. 2024)