Purepoint Uranium Group (TSXV:PTU) Cash-to-Debt : 54.05 (As of Dec. 2023)

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What is Purepoint Uranium Group 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. Purepoint Uranium Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 54.05.

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, Purepoint Uranium Group 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 Purepoint Uranium Group's Cash-to-Debt or its related term are showing as below:

TSXV:PTU' s Cash-to-Debt Range Over the Past 10 Years
Min: 13.41 Med: No Debt Max: No Debt
Current: 54.05

During the past 13 years, Purepoint Uranium Group's highest Cash to Debt Ratio was No Debt. The lowest was 13.41. And the median was No Debt.

TSXV:PTU's Cash-to-Debt is ranked better than
74.72% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.43 vs TSXV:PTU: 54.05

Purepoint Uranium Group Cash-to-Debt Historical Data

The historical data trend for Purepoint Uranium Group'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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Purepoint Uranium Group Cash-to-Debt Chart

Purepoint Uranium Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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13.41

30.40

104.29

No Debt

54.05

Purepoint Uranium Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															273.27	No Debt	15.17	11.19	54.05

Competitive Comparison of Purepoint Uranium Group's Cash-to-Debt

For the Uranium subindustry, Purepoint Uranium Group'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.

Purepoint Uranium Group's Cash-to-Debt Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Purepoint Uranium Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Purepoint Uranium Group's Cash-to-Debt falls into.

Purepoint Uranium Group 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.

Purepoint Uranium Group's Cash to Debt Ratio for the fiscal year 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)
	=	4.054	/	(0.035	+	0.04)
	=	54.05

Purepoint Uranium Group'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)
	=	4.054	/	(0.035	+	0.04)
	=	54.05

Purepoint Uranium Group (TSXV:PTU) 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.

Purepoint Uranium Group Cash-to-Debt Related Terms

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

Purepoint Uranium Group (TSXV:PTU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Purepoint Uranium Group Inc (TSXV:PTU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PTUUF:USA P5X:Germany

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

https://www.purepoint.ca

Purepoint Uranium Group Inc is a resource company engaged in the acquisition, exploration, and development of properties to produce uranium. Its mineral properties are all located in the Athabasca Basin, Northern Saskatchewan, Canada. The group's properties include Hook Lake, Red Willow, Turnor Lake, Henday Lake, Smart Lake, Tabbernor Block, and Umfreville Lake.

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