Irving Resources (XCNQ:IRV) Cash-to-Debt : 36.53 (As of Nov. 2023)

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What is Irving 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. Irving Resources's cash to debt ratio for the quarter that ended in Nov. 2023 was 36.53.

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, Irving Resources could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

The historical rank and industry rank for Irving Resources's Cash-to-Debt or its related term are showing as below:

XCNQ:IRV' s Cash-to-Debt Range Over the Past 10 Years
Min: 36.53 Med: 230 Max: No Debt
Current: 36.53

During the past 8 years, Irving Resources's highest Cash to Debt Ratio was No Debt. The lowest was 36.53. And the median was 230.00.

XCNQ:IRV's Cash-to-Debt is ranked better than
54.26% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs XCNQ:IRV: 36.53

Irving Resources Cash-to-Debt Historical Data

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

Irving Resources Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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No Debt

129.93

134.85

80.76

46.82

Irving Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															65.58	46.82	42.14	40.79	36.53

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

For the Gold subindustry, Irving 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.

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

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

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

Irving 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.

Irving Resources's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	10.909	/	(0.123	+	0.11)
	=	46.82

Irving Resources's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	6.575	/	(0.095	+	0.085)
	=	36.53

Irving Resources (XCNQ:IRV) 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.

Irving Resources Cash-to-Debt Related Terms

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Irving Resources (XCNQ:IRV) Business Description

Industry

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

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IRVRF:USA

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2

Website

https://www.irvresources.com

Irving Resources Inc is a Canadian-based mineral exploration company with precious metal projects in Japan and joint venture interests with Japan Oil, Gas and Metals National Corporation (JOGMEC) in a rare earth element project in Africa and Canada. Its projects include Omu Project, Yamagano Project and Others.

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