Kapa Gold (TSXV:KAPA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Kapa Gold 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. Kapa Gold'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, Kapa Gold 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 Kapa Gold's Cash-to-Debt or its related term are showing as below:

TSXV:KAPA' 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 6 years, Kapa Gold's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

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

Kapa Gold Cash-to-Debt Historical Data

The historical data trend for Kapa Gold'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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Kapa Gold Cash-to-Debt Chart

Kapa Gold Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Apr22

Dec23

Cash-to-Debt

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No Debt

Kapa Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	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 Kapa Gold's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Kapa Gold'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.

Kapa Gold's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Kapa Gold 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.

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

Kapa Gold had no debt ⁽¹⁾.

Kapa Gold's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Kapa Gold had no debt ⁽¹⁾.

Kapa Gold (TSXV:KAPA) 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.

Kapa Gold Cash-to-Debt Related Terms

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

Kapa Gold (TSXV:KAPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kapa Gold Inc (TSXV:KAPA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1199 West Hastings Street, Suite 1400, Vancouver, BC, CAN, V6E 3T5

Website

https://www.kapagold.com

Kapa Gold Inc, along with its subsidiary is engaged in mineral exploration operations. The company's principal business activity is the acquisition and exploration of mineral property interests. Its project includes Mastodon Nickel Project and Blackhawk Mine.

Executives

David Karl Paxton

Director, Senior Officer

Kapa Gold (TSXV:KAPA) Headlines

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Kapa Gold (TSXV:KAPA) Cash-to-Debt : No Debt (1) (As of Dec. 2023)