New Break Resources (XCNQ:NBRK) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is New Break 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. New Break Resources'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, New Break Resources 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 New Break Resources's Cash-to-Debt or its related term are showing as below:

XCNQ:NBRK' 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, New Break Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

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

New Break Resources Cash-to-Debt Historical Data

The historical data trend for New Break 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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New Break Resources Cash-to-Debt Chart

New Break Resources Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

New Break Resources Quarterly Data
	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 New Break Resources's Cash-to-Debt

For the Gold subindustry, New Break 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.

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

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

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

New Break 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.

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

New Break Resources had no debt ⁽¹⁾.

New Break Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

New Break Resources had no debt ⁽¹⁾.

New Break Resources (XCNQ:NBRK) 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.

New Break Resources Cash-to-Debt Related Terms

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

New Break Resources (XCNQ:NBRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Break Resources Ltd (XCNQ:NBRK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 King Street East, Suite 902, Toronto, CAN, M5C 1C4

Website

https://www.newbreakresources.ca

New Break Resources Ltd is a Canadian mineral exploration and development company. The Company is engaged in the acquisition, exploration, and evaluation of mineral properties in Canada. New Break is focused on gold exploration at its Moray Gold Project, located 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. and at its four projects in Kivalliq Region, Nunavut, including the Sundog Gold Project and Esker Gold Project.

Executives

William Donald Love

Senior Officer

New Break Resources (XCNQ:NBRK) Headlines

No Headlines

New Break Resources (XCNQ:NBRK) Cash-to-Debt : No Debt (1) (As of Dec. 2023)