Inomin Mines (TSXV:MINE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

TSXV:MINE' 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 11 years, Inomin Mines's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:MINE's Cash-to-Debt is ranked better than
99.92% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs TSXV:MINE: No Debt

Inomin Mines Cash-to-Debt Historical Data

The historical data trend for Inomin Mines'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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Inomin Mines Cash-to-Debt Chart

Inomin Mines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

Inomin Mines 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 Inomin Mines's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Inomin Mines'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.

Inomin Mines's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Inomin Mines 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.

Inomin Mines's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Inomin Mines had no debt ⁽¹⁾.

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

Inomin Mines had no debt ⁽¹⁾.

Inomin Mines (TSXV:MINE) 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.

Inomin Mines Cash-to-Debt Related Terms

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Inomin Mines (TSXV:MINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Inomin Mines Inc (TSXV:MINE) » Definitions » Cash-to-Debt

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IMC:Germany

Address

400 Burrard Street, Suite 1130, Vancouver, BC, CAN, V6C 3A6

Website

https://www.inominmines.com

Inomin Mines Inc is a Canadian mineral exploration company. It is engaged in the identification, exploration, and development of mineral properties. The company holds an interest in King's Point property. Its property is located in the Green Bay area of Newfoundland. The company's other projects are Beaver Magnesium-Nickel-Cobalt, Lynx Nickel, La Gitana Gold-Silver, and Pena Blanca Gold-Silver.