Highrock Resources (XCNQ:HRK) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Highrock 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. Highrock Resources's cash to debt ratio for the quarter that ended in Jan. 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, Highrock Resources could pay off its debt using the cash in hand for the quarter that ended in Jan. 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 Highrock Resources's Cash-to-Debt or its related term are showing as below:

XCNQ:HRK' 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, Highrock Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:HRK's Cash-to-Debt is ranked better than
99.92% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs XCNQ:HRK: No Debt

Highrock Resources Cash-to-Debt Historical Data

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

Highrock Resources Annual Data

Trend

Jan22

Jan23

Jan24

Cash-to-Debt

No Debt

Highrock Resources Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Highrock Resources's Cash-to-Debt

For the Gold subindustry, Highrock 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.

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

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

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

Highrock 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.

Highrock Resources's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:

Highrock Resources had no debt ⁽¹⁾.

Highrock Resources's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Highrock Resources had no debt ⁽¹⁾.

Highrock Resources (XCNQ:HRK) 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.

Highrock Resources Cash-to-Debt Related Terms

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

Highrock Resources (XCNQ:HRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Highrock Resources Ltd (XCNQ:HRK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

Highrock Resources Ltd engages in the exploration and development of mineral properties in British Columbia with a primary focus on gold exploration in British Columbia. It holds an interest in Pathfinder Property.

Executives

Anthony Ralph Roodenburg

Director, Senior Officer

Highrock Resources (XCNQ:HRK) Headlines

No Headlines

Highrock Resources (XCNQ:HRK) Cash-to-Debt : No Debt (1) (As of Jan. 2024)