Gold Hunter Resources (XCNQ:HUNT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

View and export this data going back to 2021. Start your Free Trial

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

XCNQ:HUNT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: No Debt Max: No Debt
Current: 0.13

During the past 4 years, Gold Hunter Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was No Debt.

XCNQ:HUNT's Cash-to-Debt is ranked worse than
88.09% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs XCNQ:HUNT: 0.13

Gold Hunter Resources Cash-to-Debt Historical Data

The historical data trend for Gold Hunter 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.

* Premium members only.

Gold Hunter Resources Cash-to-Debt Chart

Gold Hunter Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

No Debt

0.46

Gold Hunter Resources 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	0.46	No Debt	No Debt

Competitive Comparison of Gold Hunter Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Gold Hunter 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.

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

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

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

Gold Hunter 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.

Gold Hunter Resources's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 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)
	=	0.071	/	(0.153	+	0)
	=	0.46

Gold Hunter Resources's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Gold Hunter Resources had no debt ⁽¹⁾.

Gold Hunter Resources (XCNQ:HUNT) 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.

Gold Hunter Resources Cash-to-Debt Related Terms

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

Gold Hunter Resources (XCNQ:HUNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Hunter Resources Inc (XCNQ:HUNT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 – 8050 204th Street, Langley, BC, CAN, V2Y 0X1

Website

https://www.goldhunterresources.com

Gold Hunter Resources Inc is engaged in the business of acquiring and exploring mineral resource properties. The company focuses on the Cameron Lake East Project located in the Kenora Mining Division of northwestern Ontario, 75 km southeast of the town of Kenora.

Executives

Blair Lawrence Naughty

10% Security Holder

Gold Hunter Resources (XCNQ:HUNT) Headlines

No Headlines

Gold Hunter Resources (XCNQ:HUNT) Cash-to-Debt : No Debt (1) (As of Feb. 2024)