Storm Exploration (TSXV:STRM) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

View and export this data going back to 1987. Start your Free Trial

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

TSXV:STRM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: No Debt Max: No Debt
Current: 3.57

During the past 13 years, Storm Exploration's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was No Debt.

TSXV:STRM's Cash-to-Debt is ranked worse than
59.9% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:STRM: 3.57

Storm Exploration Cash-to-Debt Historical Data

The historical data trend for Storm Exploration'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.

Storm Exploration Cash-to-Debt Chart

Storm Exploration Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

4.66

Storm Exploration 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															3.56	4.66	6.29	No Debt	No Debt

Competitive Comparison of Storm Exploration's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Storm Exploration'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.

Storm Exploration's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Storm Exploration 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.

Storm Exploration'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)
	=	0.256	/	(0.055	+	0)
	=	4.65

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

Storm Exploration had no debt ⁽¹⁾.

Storm Exploration (TSXV:STRM) 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.

Storm Exploration Cash-to-Debt Related Terms

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

Storm Exploration (TSXV:STRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Storm Exploration Inc (TSXV:STRM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CWVWF:USA L84:Germany

Address

885 West Georgia Street, Suite 1480, Vancouver, BC, CAN, V6C 3E8

Website

https://www.stormex.ca

Storm Exploration Inc is a mineral resource company. The company is engaged in the acquisition and exploration of mineral properties in the Kimberly region of the Australian state of Western Australia. Its project includes Miminiska; Gold Standard; Keezhik; Attwood North Kimberly Diamond Project.