Etruscus Resources (FRA:ERR) Cash-to-Debt : 4.60 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Etruscus 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. Etruscus Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.60.

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

FRA:ERR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: 8.03 Max: No Debt
Current: 4.66

During the past 6 years, Etruscus Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.42. And the median was 8.03.

FRA:ERR's Cash-to-Debt is ranked worse than
58.91% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs FRA:ERR: 4.66

Etruscus Resources Cash-to-Debt Historical Data

The historical data trend for Etruscus 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.

* Premium members only.

Etruscus Resources Cash-to-Debt Chart

Etruscus Resources Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.07

1.31

206.75

2.38

Etruscus 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															2.68	2.38	8.08	0.46	4.60

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

For the Other Industrial Metals & Mining subindustry, Etruscus 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.

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

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

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

Etruscus 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.

Etruscus Resources's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.069	/	(0.012	+	0.017)
	=	2.38

Etruscus 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)
	=	0.092	/	(0.013	+	0.007)
	=	4.60

Etruscus Resources (FRA:ERR) 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.

Etruscus Resources Cash-to-Debt Related Terms

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

Etruscus Resources (FRA:ERR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Etruscus Resources Corp (FRA:ERR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ETRUF:USA ETR:Canada

Address

850 West Hastings Street, Suite 604, Vancouver, BC, CAN, V6C 1E1

Website

https://www.etruscusresources.com

Etruscus Resources Corp is engaged in identifying, evaluating, acquiring, and exploring mineral properties. The Rock and Roll Property covers approximately 21,955 hectares in the Iskut River Valley of Northwestern British Columbia, 150 Km north of the ocean port at Stewart. Its sugar property covers approximately 4,508 hectares to the east of the Stikine River Valley of Northwestern British Columbia, 165 km north of the ocean port at Stewart. The areas include metals like gold, silver, and copper.

Etruscus Resources (FRA:ERR) Headlines

No Headlines