Canadian North Resources (TSXV:CNRI) Cash-to-Debt

: 2.27 (As of Jun. 2023)

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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. Canadian North Resources's cash to debt ratio for the quarter that ended in Jun. 2023 was 2.27.

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, Canadian North Resources could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

TSXV:CNRI' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.27 Med: No Debt Max: No Debt
Current: 2.27

During the past 3 years, Canadian North Resources's highest Cash to Debt Ratio was No Debt. The lowest was 2.27. And the median was No Debt.

TSXV:CNRI's Cash-to-Debt is ranked worse than
67.4% of 2638 companies
in the Metals & Mining industry
Industry Median: 49.10 vs TSXV:CNRI: 2.27

Canadian North Resources Cash-to-Debt Historical Data

The historical data trend for Canadian North 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.

* Premium members only.

Canadian North Resources Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

Canadian North Resources Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt							No Debt	No Debt	No Debt	No Debt	2.27

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Canadian North 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.

Annual Data Quarterly Data

Canadian North Resources Cash-to-Debt Distribution

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

* The bar in red indicates where Canadian North Resources's Cash-to-Debt falls in comparison to its industry or sector. The grey bar indicates the Cash-to-Debt's extreme value range as defined by GuruFocus.

Canadian North 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.

Canadian North Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Canadian North Resources had no debt.

Canadian North Resources's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Canadian North Resources had no debt.

Canadian North Resources (TSXV:CNRI) 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.

Canadian North Resources Cash-to-Debt Related Terms

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

Canadian North Resources (TSXV:CNRI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CNRSF:USA EO0:Germany

Address

299 Courtneypark Dr. E, 3rd Floor, Mississauga, ON, CAN

Website

https://www.cnresources.com

Canadian North Resources Inc is a Canadian mining exploration and development company that owns an interest in the Ferguson Lake mining property in the Kivalliq Region of Nunavut, Canada.

Canadian North Resources (TSXV:CNRI) Headlines

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