Benton Resources (TSXV:BEX) Cash-to-Debt : 11.70 (As of Dec. 2023)

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What is Benton 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. Benton Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 11.70.

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, Benton Resources could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Benton Resources's Cash-to-Debt or its related term are showing as below:

TSXV:BEX' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.47 Med: No Debt Max: No Debt
Current: 11.7

During the past 12 years, Benton Resources's highest Cash to Debt Ratio was No Debt. The lowest was 4.47. And the median was No Debt.

TSXV:BEX's Cash-to-Debt is ranked worse than
53.29% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs TSXV:BEX: 11.70

Benton Resources Cash-to-Debt Historical Data

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

Benton Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

6.05

5.32

11.91

9.08

Benton Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															10.36	14.28	9.08	12.12	11.70

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

For the Other Industrial Metals & Mining subindustry, Benton 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.

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

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

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

Benton 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.

Benton Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1.153	/	(0.049	+	0.078)
	=	9.08

Benton Resources's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	1.217	/	(0.05	+	0.054)
	=	11.70

Benton Resources (TSXV:BEX) 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.

Benton Resources Cash-to-Debt Related Terms

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

Benton Resources (TSXV:BEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Benton Resources Inc (TSXV:BEX) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

BNTRF:USA BR0:Germany

Address

684 Squier Street, Thunder Bay, ON, CAN, P7B 4A8

Website

https://www.bentonresources.ca

Benton Resources Inc is a mineral exploration company. The company has a diversified, highly-prospective property portfolio of Gold, Silver, Nickel, Copper, Platinum Group Elements and Lithium assets. In addition, it holds large equity positions in other mining companies that are advancing high-quality assets. Benton has a strategic alliance with Sokoman Minerals Corp through three joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland and Labrador, Canada.

Executives

John Reynolds Sullivan

Director

Benton Resources (TSXV:BEX) Headlines

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