Vanadiumcorp Resource (TSXV:VRB) Cash-to-Debt : 0.16 (As of Jan. 2024)

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What is Vanadiumcorp Resource 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. Vanadiumcorp Resource's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.16.

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, Vanadiumcorp Resource couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSXV:VRB' s Cash-to-Debt Range Over the Past 10 Years
Min: -0.12 Med: No Debt Max: No Debt
Current: 0.16

During the past 13 years, Vanadiumcorp Resource's highest Cash to Debt Ratio was No Debt. The lowest was -0.12. And the median was No Debt.

TSXV:VRB's Cash-to-Debt is ranked worse than
86.83% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:VRB: 0.16

Vanadiumcorp Resource Cash-to-Debt Historical Data

The historical data trend for Vanadiumcorp Resource'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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Vanadiumcorp Resource Cash-to-Debt Chart

Vanadiumcorp Resource Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

6.67

0.17

3.04

0.67

Vanadiumcorp Resource Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															4.18	5.37	1.11	0.67	0.16

Competitive Comparison of Vanadiumcorp Resource's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Vanadiumcorp Resource'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.

Vanadiumcorp Resource's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Vanadiumcorp Resource 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.

Vanadiumcorp Resource's Cash to Debt Ratio for the fiscal year 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)
	=	0.514	/	(0.154	+	0.618)
	=	0.67

Vanadiumcorp Resource'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)
	=	0.119	/	(0.121	+	0.618)
	=	0.16

Vanadiumcorp Resource (TSXV:VRB) 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.

Vanadiumcorp Resource Cash-to-Debt Related Terms

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

Vanadiumcorp Resource (TSXV:VRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vanadiumcorp Resource Inc (TSXV:VRB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VRBFF:USA NWNA:Germany

Address

303-5455 West Boulevard, Vancouver, BC, CAN, V6M 3W5

Website

https://www.vanadiumcorp.com

Vanadiumcorp Resource Inc is engaged in the exploration and development of mineral properties in Canada. It is also involved in the development of vanadium redox flow battery technology in Germany. The company's primary focus is on the Lac Dore and Iron-T Properties in Quebec which is prospective for vanadium, titanium, and iron.

Executives

Mario Drolet

Director

Vanadiumcorp Resource (TSXV:VRB) Headlines

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