Greenridge Exploration (XCNQ:GXP) Cash-to-Debt : No Debt ⁽¹⁾ (As of Aug. 2023)

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

XCNQ:GXP' 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 1 years, Greenridge Exploration's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:GXP's Cash-to-Debt is ranked better than
99.92% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs XCNQ:GXP: No Debt

Greenridge Exploration Cash-to-Debt Historical Data

The historical data trend for Greenridge 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.

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Greenridge Exploration Cash-to-Debt Chart

Greenridge Exploration Annual Data

Trend

Aug23

Cash-to-Debt

No Debt

Greenridge Exploration Semi-Annual Data
	Aug23
Cash-to-Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, Greenridge 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.

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

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

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

Greenridge 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.

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

Greenridge Exploration had no debt ⁽¹⁾.

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

Greenridge Exploration had no debt ⁽¹⁾.

Greenridge Exploration (XCNQ:GXP) 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.

Greenridge Exploration Cash-to-Debt Related Terms

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Greenridge Exploration (XCNQ:GXP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greenridge Exploration Inc (XCNQ:GXP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HW3:Germany

Address

905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6

Website

Greenridge Exploration Inc is engaged in mineral exploration in Canada and its objective is to locate and, if warranted, develop economic mineral properties. It holds interest in Weyman Property which comprises 7 map-staked mineral claims covering nearly 2,803.89 hectares in the Kamloops and Nicola Mining Divisions and in the Thompson Nicola Regional District on the Thompson Plateau of Southern British Columbia.