Blue Lagoon Resources (XCNQ:BLLG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

XCNQ:BLLG' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.25 Med: 147.77 Max: No Debt
Current: No Debt

During the past 4 years, Blue Lagoon Resources's highest Cash to Debt Ratio was No Debt. The lowest was 8.25. And the median was 147.77.

XCNQ:BLLG's Cash-to-Debt is ranked better than
99.96% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.77 vs XCNQ:BLLG: No Debt

Blue Lagoon Resources Cash-to-Debt Historical Data

The historical data trend for Blue Lagoon 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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Blue Lagoon Resources Cash-to-Debt Chart

Blue Lagoon Resources Annual Data

Trend

Nov18

Nov19

Mar21

Mar22

Cash-to-Debt

No Debt

72.25

158.44

Blue Lagoon Resources Quarterly Data
	May18	Aug18	Nov18	May19	Aug19	Nov19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial														145.68	106.12	No Debt	No Debt	No Debt

Competitive Comparison of Blue Lagoon Resources's Cash-to-Debt

For the Gold subindustry, Blue Lagoon 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.

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

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

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

Blue Lagoon 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.

Blue Lagoon Resources's Cash to Debt Ratio for the fiscal year that ended in Mar. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8.714	/	(0	+	0.055)
	=	158.44

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

Blue Lagoon Resources had no debt ⁽¹⁾.

Blue Lagoon Resources (XCNQ:BLLG) 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 Lagoon Resources Cash-to-Debt Related Terms

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

Blue Lagoon Resources (XCNQ:BLLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blue Lagoon Resources Inc (XCNQ:BLLG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BLAGF:USA 7BL:Germany

Address

750 West Pender Street, Suite 1200, Vancouver, BC, CAN, V6C 2T8

Website

https://www.bluelagoonresources.com

Blue Lagoon Resources Inc is engaged in the exploration of mineral properties in Canada. Its business is to acquire, explore, and evaluate mineral resource interests. The projects of the company include Pellair Gold Project, Dome Mountain Gold Project, and Big Onion Project.

Executives

Rana Gurvinder Vig

Director, Senior Officer

Blue Lagoon Resources (XCNQ:BLLG) Headlines

No Headlines

Blue Lagoon Resources (XCNQ:BLLG) Cash-to-Debt : No Debt (1) (As of Dec. 2023)