Caprock Mining (XCNQ:CAPR) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Caprock Mining 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. Caprock Mining's cash to debt ratio for the quarter that ended in Feb. 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, Caprock Mining could pay off its debt using the cash in hand for the quarter that ended in Feb. 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 Caprock Mining's Cash-to-Debt or its related term are showing as below:

XCNQ:CAPR' 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 3 years, Caprock Mining's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:CAPR's Cash-to-Debt is ranked better than
99.96% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.33 vs XCNQ:CAPR: No Debt

Caprock Mining Cash-to-Debt Historical Data

The historical data trend for Caprock Mining'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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Caprock Mining Cash-to-Debt Chart

Caprock Mining Annual Data

Trend

Aug21

Aug22

Aug23

Cash-to-Debt

No Debt

Caprock Mining Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Caprock Mining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Caprock Mining'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.

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

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

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

Caprock Mining 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.

Caprock Mining's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Caprock Mining had no debt ⁽¹⁾.

Caprock Mining's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Caprock Mining had no debt ⁽¹⁾.

Caprock Mining (XCNQ:CAPR) 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.

Caprock Mining Cash-to-Debt Related Terms

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

Caprock Mining (XCNQ:CAPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Caprock Mining Corp (XCNQ:CAPR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street West, Suite 2905, Toronto, ON, CAN, M5K 1H1

Website

https://www.caprockmining.com

Caprock Mining Corp is a mineral exploration and mining company. The company's primary business objectives of the company are to create a diversified portfolio of property holdings and achieve growth through the acquisition of additional mineral properties. The company is having several projects such as Minorlake, Greenoaks, Mud Lake, Golden Heart, Brookbank, and Three Tower.