Prudent Minerals (XCNQ:PRUD) Cash-to-Debt : 1.98 (As of Nov. 2023)

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What is Prudent Minerals 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. Prudent Minerals's cash to debt ratio for the quarter that ended in Nov. 2023 was 1.98.

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, Prudent Minerals could pay off its debt using the cash in hand for the quarter that ended in Nov. 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 Prudent Minerals's Cash-to-Debt or its related term are showing as below:

XCNQ:PRUD' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.98 Med: No Debt Max: No Debt
Current: 1.98

During the past 3 years, Prudent Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 1.98. And the median was No Debt.

XCNQ:PRUD's Cash-to-Debt is ranked worse than
63.1% of 2637 companies
in the Metals & Mining industry
Industry Median: 18.42 vs XCNQ:PRUD: 1.98

Prudent Minerals Cash-to-Debt Historical Data

The historical data trend for Prudent Minerals'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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Prudent Minerals Cash-to-Debt Chart

Prudent Minerals Annual Data

Trend

Feb21

Feb22

Feb23

Cash-to-Debt

No Debt

Prudent Minerals Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	1.99	1.98

Competitive Comparison of Prudent Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Prudent Minerals'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.

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

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

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

Prudent Minerals 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.

Prudent Minerals's Cash to Debt Ratio for the fiscal year that ended in Feb. 2023 is calculated as:

Prudent Minerals had no debt ⁽¹⁾.

Prudent Minerals's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	0.5	/	(0.253	+	0)
	=	1.98

Prudent Minerals (XCNQ:PRUD) 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.

Prudent Minerals Cash-to-Debt Related Terms

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Prudent Minerals (XCNQ:PRUD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Melville Street, Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

Prudent Minerals Corp is a natural resource company engaged in the acquisition, exploration, and development of mineral properties. Its objective is to conduct an exploration program on the SAT Property located in west central British Columbia.

Prudent Minerals (XCNQ:PRUD) Headlines

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