Radio Fuels Energy (XCNQ:CAKE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Radio Fuels Energy 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. Radio Fuels Energy'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, Radio Fuels Energy 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 Radio Fuels Energy's Cash-to-Debt or its related term are showing as below:

XCNQ:CAKE' 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 4 years, Radio Fuels Energy's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:CAKE's Cash-to-Debt is ranked better than
99.44% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.915 vs XCNQ:CAKE: No Debt

Radio Fuels Energy Cash-to-Debt Historical Data

The historical data trend for Radio Fuels Energy'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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Radio Fuels Energy Cash-to-Debt Chart

Radio Fuels Energy Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

No Debt

Radio Fuels Energy Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	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 Radio Fuels Energy's Cash-to-Debt

For the Uranium subindustry, Radio Fuels Energy'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.

Radio Fuels Energy's Cash-to-Debt Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Radio Fuels Energy's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Radio Fuels Energy's Cash-to-Debt falls into.

Radio Fuels Energy 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.

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

Radio Fuels Energy had no debt ⁽¹⁾.

Radio Fuels Energy's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Radio Fuels Energy had no debt ⁽¹⁾.

Radio Fuels Energy (XCNQ:CAKE) 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.

Radio Fuels Energy Cash-to-Debt Related Terms

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

Radio Fuels Energy (XCNQ:CAKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Radio Fuels Energy Corp (XCNQ:CAKE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CKEFF:USA

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.radiofuels.ca

Radio Fuels Energy Corp is a mineral resource company in the development stage that is engaged in the acquisition of interests and in the exploration of, mineral resource properties. Radio Fuel's flagship property is owned by Eco Ridge Project located in Elliot Lake pounds of uranium oxide were mined from conglomerate beds by Rio Algom and Denison Mines.

Executives

Philip O'neill

Director, Senior Officer