Dinero Ventures (TSXV:DNO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Dinero Ventures 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. Dinero Ventures's cash to debt ratio for the quarter that ended in Feb. 2024 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, Dinero Ventures could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

(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 Dinero Ventures's Cash-to-Debt or its related term are showing as below:

TSXV:DNO' 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, Dinero Ventures's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:DNO's Cash-to-Debt is ranked better than
99.92% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:DNO: No Debt

Dinero Ventures Cash-to-Debt Historical Data

The historical data trend for Dinero Ventures'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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Dinero Ventures Cash-to-Debt Chart

Dinero Ventures Annual Data

Trend

Nov21

Nov22

Nov23

Cash-to-Debt

No Debt

Dinero Ventures Quarterly Data
	May21	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Dinero Ventures's Cash-to-Debt

For the Gold subindustry, Dinero Ventures'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.

Dinero Ventures's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Dinero Ventures 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.

Dinero Ventures's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Dinero Ventures had no debt ⁽¹⁾.

Dinero Ventures's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Dinero Ventures had no debt ⁽¹⁾.

Dinero Ventures (TSXV:DNO) 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.

Dinero Ventures Cash-to-Debt Related Terms

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

Dinero Ventures (TSXV:DNO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dinero Ventures Ltd (TSXV:DNO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

905 Columbia Street, Box 224, Stewart, BC, CAN, V0T 1W0

Website

Dinero Ventures Ltd is engaged in the business of exploration of mineral properties. The company owns a 100% interest in the Raven Project located in the Lillooet Mining Division of British Columbia, Canada.

Dinero Ventures (TSXV:DNO) Headlines

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Dinero Ventures (TSXV:DNO) Cash-to-Debt : No Debt (1) (As of Feb. 2024)