Xcite Resources (XCNQ:XRI) Cash-to-Debt : 0.40 (As of Jan. 2024)

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What is Xcite 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. Xcite Resources's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.40.

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, Xcite Resources couldn't 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 Xcite Resources's Cash-to-Debt or its related term are showing as below:

XCNQ:XRI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: No Debt Max: No Debt
Current: 0.4

During the past 3 years, Xcite Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.40. And the median was No Debt.

XCNQ:XRI's Cash-to-Debt is ranked worse than
76.58% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.895 vs XCNQ:XRI: 0.40

Xcite Resources Cash-to-Debt Historical Data

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

Xcite Resources Annual Data

Trend

Oct21

Oct22

Oct23

Cash-to-Debt

No Debt

Xcite Resources Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	No Debt	0.40

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

For the Other Industrial Metals & Mining subindustry, Xcite 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.

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

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

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

Xcite 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.

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

Xcite Resources had no debt ⁽¹⁾.

Xcite Resources's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	0.012	/	(0.03	+	0)
	=	0.40

Xcite Resources (XCNQ:XRI) 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.

Xcite Resources Cash-to-Debt Related Terms

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Xcite Resources (XCNQ:XRI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1030 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6E 2Y3

Website

Xcite Resources Inc is a Canada-based mineral exploration company on its Turgeon Lake Property, located in the Province of Québec. It has one reportable segment, the exploration, and development of mineral property in the province of Quebec, Canada.

Executives

Carl Desjardins

10% Security Holder

Xcite Resources (XCNQ:XRI) Headlines

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