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Newfoundland Discovery (XCNQ:NEWD) Cash-to-Debt : No Debt (1) (As of Jan. 2024)


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What is Newfoundland Discovery 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. Newfoundland Discovery'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, Newfoundland Discovery 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 Newfoundland Discovery's Cash-to-Debt or its related term are showing as below:

XCNQ:NEWD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15   Med: No Debt   Max: No Debt
Current: No Debt

During the past 13 years, Newfoundland Discovery's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was No Debt.

XCNQ:NEWD's Cash-to-Debt is ranked better than
99.92% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs XCNQ:NEWD: No Debt

Newfoundland Discovery Cash-to-Debt Historical Data

The historical data trend for Newfoundland Discovery'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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Newfoundland Discovery Cash-to-Debt Chart

Newfoundland Discovery Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.50 No Debt No Debt No Debt No Debt

Newfoundland Discovery Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Newfoundland Discovery's Cash-to-Debt

For the Gold subindustry, Newfoundland Discovery'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.


Newfoundland Discovery's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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



Newfoundland Discovery 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.

Newfoundland Discovery's Cash to Debt Ratio for the fiscal year that ended in Apr. 2023 is calculated as:

Newfoundland Discovery had no debt (1).

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

Newfoundland Discovery had no debt (1).

* 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.


Newfoundland Discovery  (XCNQ:NEWD) 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.


Newfoundland Discovery Cash-to-Debt Related Terms

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Newfoundland Discovery (XCNQ:NEWD) Business Description

Traded in Other Exchanges
Address
838 West Hastings Street,, Suite 700, Vancouver, BC, CAN, V6C 0A6
Newfoundland Discovery Corp is a junior mining exploration company. Its projects include the Grup Property, Bursey Property, Rodger's Cove Property, Johnathan's Pond Properties, Eastern Point Property, Wigwam Property, Goldson Gold Property, and the Southwest Pond Gold Property in Newfoundland; the Northbound Property, Northbound Extension, Southern Star Property, Valentine Mountain Property, Bouvier Property and the Chubb Lithium Property in Quebec.

Newfoundland Discovery (XCNQ:NEWD) Headlines

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