79North (XCNQ:JQ) Cash-to-Debt : 1.13 (As of Feb. 2024)

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What is 79North 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. 79North's cash to debt ratio for the quarter that ended in Feb. 2024 was 1.13.

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, 79North could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

The historical rank and industry rank for 79North's Cash-to-Debt or its related term are showing as below:

XCNQ:JQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: No Debt Max: No Debt
Current: 1.13

During the past 5 years, 79North's highest Cash to Debt Ratio was No Debt. The lowest was 0.22. And the median was No Debt.

XCNQ:JQ's Cash-to-Debt is ranked worse than
67.38% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs XCNQ:JQ: 1.13

79North Cash-to-Debt Historical Data

The historical data trend for 79North'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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79North Cash-to-Debt Chart

79North Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

0.22

No Debt

N/A

79North Quarterly Data
	Aug19	Nov19	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	N/A	1.13

Competitive Comparison of 79North's Cash-to-Debt

For the Gold subindustry, 79North'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.

79North's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, 79North's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 79North's Cash-to-Debt falls into.

79North 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.

79North's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

79North's Cash to Debt Ratio for the quarter that ended in Feb. 2024 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)
	=	0.017	/	(0	+	0.015)
	=	1.13

79North (XCNQ:JQ) 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.

79North Cash-to-Debt Related Terms

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79North (XCNQ:JQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 79North Inc (XCNQ:JQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SVNTF:USA

Address

82 Richmond Street East, Suite 306, Toronto, ON, CAN, M5C 1P1

Website

https://www.79north.ca

79North Inc is a mineral exploration company focused on the acquisition, exploration, and development of properties for the mining of gold and other minerals. It holds an interest in the Suriname property. The Company primarily operates in one reportable operating segment, the exploration and evaluation of gold properties in Suriname.

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