Red Metal Resources (Red Metal Resources) Cash-to-Debt : 0.01 (As of Oct. 2023)

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What is Red Metal 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 Metal Resources's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.01.

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

RMESF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.31
Current: 0.01

During the past 13 years, Red Metal Resources's highest Cash to Debt Ratio was 0.31. The lowest was 0.00. And the median was 0.01.

RMESF's Cash-to-Debt is ranked worse than
97.95% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.33 vs RMESF: 0.01

Red Metal Resources Cash-to-Debt Historical Data

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

Red Metal Resources Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Cash-to-Debt

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0.01

0.04

0.31

0.01

Red Metal Resources Quarterly Data
	Jan19	Apr19	Jul19	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															0.02	0.01	0.01	0.01	0.01

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

For the Other Industrial Metals & Mining subindustry, Red Metal 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 Metal Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Red Metal 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 Metal Resources's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	0.016	/	(1.641	+	0)
	=	0.01

Red Metal 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)
	=	0.016	/	(1.822	+	0)
	=	0.01

Red Metal Resources (OTCPK:RMESF) 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 Metal Resources Cash-to-Debt Related Terms

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

Red Metal Resources (Red Metal Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Metal Resources Ltd (OTCPK:RMESF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RMES:Canada

Address

1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://www.redmetalresources.com

Red Metal Resources Ltd is involved in acquiring and exploring mineral properties in Chile. The company's interest in exploration and evaluation assets consisted of three active copper-gold projects on two properties, namely the Farellon and Perth Projects both located on the Carrizal Property, and the Mateo Project located on the Mateo Property.

Executives

Richard Jeffs	10 percent owner	FLAT 7, 6 ENNISMORE GARDENS, LONDON X0 SW7 1NL
Caitlin Jeffs	director	195 PARK AVENUE, THUNDER BAY A6 P7B 1B9
Jeffrey Cocks	director	118 8TH AVE. NW, CALGARY A0 T2M 0A4
Michael Thompson	director	195 PARK AVENUE, THUNDER BAY A6 P7B 1B9
Mcfarlane Cody Michael	director	PUNTA NOGALES 1324, HOUSE 19, SANTIAGO F3 000000
Joao Dacosta	officer: Chief Financial Officer	#810 - 789 WEST PENDER STREET, VANCOUVER A1 V6C 1H2
Susan Jeffs	10 percent owner	4 MONTPELIER STREET, SUITE 521, LONDON X0 SW7 1EE
Robert Andjelic	10 percent owner	P.O. BOX 69, MILLARVILLE A0 1KO
Laboa Holdings Inc.	10 percent owner	SUITE 1-A, #5, CALLE EUSEBIO A. MORALES, EL CANGREJO, PANAMA CITY R1 00000
Kevin Mitchell	10 percent owner	ALONSO DE ERCILLA #733, VALLENAR F3 00000
Cicco John Di	director, 10 percent owner, officer: CEO, President, and CFO	10168 LAWSON DRIVE, RICHMOND A1 V7E 5M3

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