International Prospect Ventures (TSXV:IZZ) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is International Prospect Ventures 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. International Prospect Ventures's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, International Prospect Ventures could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

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

During the past 12 years, International Prospect Ventures's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:IZZ's Cash-to-Debt is ranked better than
99.92% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:IZZ: No Debt

International Prospect Ventures Cash-to-Debt Historical Data

The historical data trend for International Prospect Ventures'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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International Prospect Ventures Cash-to-Debt Chart

International Prospect Ventures Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

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Dec23

Cash-to-Debt

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No Debt

International Prospect Ventures 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of International Prospect Ventures's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, International Prospect Ventures'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.

International Prospect Ventures's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where International Prospect Ventures's Cash-to-Debt falls into.

International Prospect Ventures 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.

International Prospect Ventures's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

International Prospect Ventures had no debt ⁽¹⁾.

International Prospect Ventures's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

International Prospect Ventures had no debt ⁽¹⁾.

International Prospect Ventures (TSXV:IZZ) 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.

International Prospect Ventures Cash-to-Debt Related Terms

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

International Prospect Ventures (TSXV:IZZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » International Prospect Ventures Ltd (TSXV:IZZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

URANF:USA

Address

152 chemin de la Mine Ecole, Val-d’Or, QC, CAN, J9P 7B6

Website

https://www.iprospectventures.ca

International Prospect Ventures Ltd is involved in the process of exploring, evaluating and promoting its mineral properties and other projects. The company's exploration and evaluation assets are located in Canada and Australia. Its projects are Beartooth Island Uranium Project; Pilbara Region Western Australi; West Stewardson Uranium Project Athabasca Basin, Saskatchewan; Otish/Mistassini Project North Central Québec; Elliot Lake Uranium Project Ontario, Canada and Porcupine Miracle Project Langmuir Township, Ontario.

Executives

Joseph Groia	Director or Senior Officer of 10% Security Holder
Lexam Vg Gold Inc.	10% Security Holder

International Prospect Ventures (TSXV:IZZ) Headlines

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International Prospect Ventures (TSXV:IZZ) Cash-to-Debt : No Debt (1) (As of Dec. 2023)