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

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

TSXV:CQR' 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 13 years, Conquest Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:CQR's Cash-to-Debt is ranked better than
99.92% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:CQR: No Debt

Conquest Resources Cash-to-Debt Historical Data

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

Conquest Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Conquest 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 Conquest Resources's Cash-to-Debt

For the Gold subindustry, Conquest 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.

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

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

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

Conquest 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.

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

Conquest Resources had no debt ⁽¹⁾.

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

Conquest Resources had no debt ⁽¹⁾.

Conquest Resources (TSXV:CQR) 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.

Conquest Resources Cash-to-Debt Related Terms

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

Conquest Resources (TSXV:CQR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Conquest Resources Ltd (TSXV:CQR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CQRLF:USA

Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

https://www.conquestresources.net

Conquest Resources Ltd is a mineral exploration company that is engaged in the exploration and evaluation of properties located in Northern Ontario. The company owns an interest in Alexander Red Lake Property, Smith Lake Property, King Bay Gold Project, LNB property lake project, Marr lake property, Redhorse Lake, and Golden Rose Project.

Conquest Resources (TSXV:CQR) Headlines

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