Searchlight Resources (TSXV:SCLT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

TSXV:SCLT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Searchlight Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was No Debt.

TSXV:SCLT's Cash-to-Debt is ranked better than
99.92% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:SCLT: No Debt

Searchlight Resources Cash-to-Debt Historical Data

The historical data trend for Searchlight 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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Searchlight Resources Cash-to-Debt Chart

Searchlight Resources Annual Data

Trend

Jun13

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.12

11.82

No Debt

Searchlight Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	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 Searchlight Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Searchlight 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.

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

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

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

Searchlight 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.

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

Searchlight Resources had no debt ⁽¹⁾.

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

Searchlight Resources had no debt ⁽¹⁾.

Searchlight Resources (TSXV:SCLT) 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.

Searchlight Resources Cash-to-Debt Related Terms

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

Searchlight Resources (TSXV:SCLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Searchlight Resources Inc (TSXV:SCLT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SCLTF:USA 2CC2:Germany

Address

1199 West Pender Street, Suite 408, Vancouver, BC, CAN, V6E 2R1

Website

https://www.searchlightresources.com

Searchlight Resources Inc is a Canadian mineral exploration and development company focused in Saskatchewan, Canada. Its exploration focus is on gold, uranium and battery minerals throughout the Province. It also holds an interest in Kulyk Lake South; Bootleg Lake Gold Property, Robinson Creek; Wapawekka Lake Greenstone Belt, Munro Warden Copper Nickel Cobalt Property, Cameron Cobalt Property, Duddridge Lake Property, Flin Flon North Project, and English Bay Property in Canada.

Executives

Stephen Wallace

10% Security Holder, Director, Senior Officer

Searchlight Resources (TSXV:SCLT) Headlines

No Headlines

Searchlight Resources (TSXV:SCLT) Cash-to-Debt : No Debt (1) (As of Dec. 2023)