Blue Thunder Mining (TSXV:BLUE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Blue Thunder Mining 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. Blue Thunder Mining'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, Blue Thunder Mining 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 Blue Thunder Mining's Cash-to-Debt or its related term are showing as below:

TSXV:BLUE' s Cash-to-Debt Range Over the Past 10 Years
Min: 9.86 Med: No Debt Max: No Debt
Current: 9.86

During the past 5 years, Blue Thunder Mining's highest Cash to Debt Ratio was No Debt. The lowest was 9.86. And the median was No Debt.

TSXV:BLUE's Cash-to-Debt is ranked worse than
54.06% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:BLUE: 9.86

Blue Thunder Mining Cash-to-Debt Historical Data

The historical data trend for Blue Thunder Mining'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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Blue Thunder Mining Cash-to-Debt Chart

Blue Thunder Mining Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Blue Thunder Mining 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	2.05	0.76	No Debt	No Debt

Competitive Comparison of Blue Thunder Mining's Cash-to-Debt

For the Gold subindustry, Blue Thunder Mining'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.

Blue Thunder Mining's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Blue Thunder Mining's Cash-to-Debt falls into.

Blue Thunder Mining 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.

Blue Thunder Mining's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Blue Thunder Mining had no debt ⁽¹⁾.

Blue Thunder Mining's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Blue Thunder Mining had no debt ⁽¹⁾.

Blue Thunder Mining (TSXV:BLUE) 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.

Blue Thunder Mining Cash-to-Debt Related Terms

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Blue Thunder Mining (TSXV:BLUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blue Thunder Mining Inc (TSXV:BLUE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BLTMF:USA

Address

401 Bay Street, Suite 2704, P.O. Box 4, Toronto, ON, CAN, M5H 2Y4

Website

https://www.bluethundermining.com

Blue Thunder Mining Inc is a mining company. It is focused on the acquisition, exploration, and development of mineral properties in Canada. The firm's projects include the Nelligan gold deposit, Monster Lake gold deposit, Chevrier Main Zone gold deposit, and Joe Mann gold mine. The Company's only activity is mineral exploration and evaluation. All of the Company's field equipment and supplies and exploration claims are physically located in the Province of Quebec.