SureNano Sciences (XCNQ:SURE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

XCNQ:SURE' 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, SureNano Sciences's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:SURE's Cash-to-Debt is ranked better than
99.8% of 1512 companies
in the Chemicals industry
Industry Median: 0.74 vs XCNQ:SURE: No Debt

SureNano Sciences Cash-to-Debt Historical Data

The historical data trend for SureNano Sciences'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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SureNano Sciences Cash-to-Debt Chart

SureNano Sciences Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

No Debt

SureNano Sciences Quarterly Data
	Mar21	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 SureNano Sciences's Cash-to-Debt

For the Specialty Chemicals subindustry, SureNano Sciences'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.

SureNano Sciences's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, SureNano Sciences's Cash-to-Debt distribution charts can be found below:

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

SureNano Sciences 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.

SureNano Sciences's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

SureNano Sciences had no debt ⁽¹⁾.

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

SureNano Sciences had no debt ⁽¹⁾.

SureNano Sciences (XCNQ:SURE) 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.

SureNano Sciences Cash-to-Debt Related Terms

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SureNano Sciences (XCNQ:SURE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SureNano Sciences Ltd (XCNQ:SURE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1650 West 2nd Avenue, Suite 350, Vancouver, BC, CAN, V6J 1H4

Website

https://www.surenano.com

SureNano Sciences Ltd y is a nanotechnology supply company with the license to sell and otherwise commercialize the SureNanoTM surfactant (the SureNano Surfactant) in Canada and Colorado. The SureNano Surfactant is a ready-to-mix food-grade compound that provides the base for high-performance nanoemulsions to create homogeneous and stable products while maximizing bioavailability, clarity, and taste.

Executives

Charles Henry Malette

Director

SureNano Sciences (XCNQ:SURE) Headlines

No Headlines

SureNano Sciences (XCNQ:SURE) Cash-to-Debt : No Debt (1) (As of Dec. 2023)