Signature Resources (TSXV:SGU) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Signature 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. Signature Resources's cash to debt ratio for the quarter that ended in Jan. 2024 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, Signature Resources could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSXV:SGU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Signature Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.24. And the median was No Debt.

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

Signature Resources Cash-to-Debt Historical Data

The historical data trend for Signature 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.

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Signature Resources Cash-to-Debt Chart

Signature Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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1.58

No Debt

Signature Resources 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															0.60	No Debt	No Debt	No Debt	No Debt

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

For the Gold subindustry, Signature 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.

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

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

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

Signature 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.

Signature Resources's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Signature Resources had no debt ⁽¹⁾.

Signature Resources's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Signature Resources had no debt ⁽¹⁾.

Signature Resources (TSXV:SGU) 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.

Signature Resources Cash-to-Debt Related Terms

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

Signature Resources (TSXV:SGU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Signature Resources Ltd (TSXV:SGU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SGGTF:USA 3S30:Germany

Address

401 Bay Street, Box 4, Suite 2704, Toronto, ON, CAN, M5H 2Y4

Website

https://www.signatureresources.ca

Signature Resources Ltd is a Canadian based advanced stage exploration company focused on expanding the 100% owned Lingman Lake Gold zone, located within the prolific Red Lake district in Northwestern Ontario, Canada. The project has a 234,000 ounce historical high-grade gold resource estimate that is contained within the first 180 meters of surface and open in all directions. The company is focused on rapidly expanding the known mineralized envelope with its 100% owned diamond drill rig and aims to publish a maiden NI 43-101 compliant resource in 2022.