Sanu Gold (XCNQ:SANU) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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

XCNQ:SANU' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.67 Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Sanu Gold's highest Cash to Debt Ratio was No Debt. The lowest was 6.67. And the median was No Debt.

XCNQ:SANU's Cash-to-Debt is ranked better than
99.96% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs XCNQ:SANU: No Debt

Sanu Gold Cash-to-Debt Historical Data

The historical data trend for Sanu Gold'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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Sanu Gold Cash-to-Debt Chart

Sanu Gold Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

6.67

No Debt

Sanu Gold Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Sanu Gold's Cash-to-Debt

For the Gold subindustry, Sanu Gold'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.

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

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

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

Sanu Gold 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.

Sanu Gold's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Sanu Gold had no debt ⁽¹⁾.

Sanu Gold's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Sanu Gold had no debt ⁽¹⁾.

Sanu Gold (XCNQ:SANU) 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.

Sanu Gold Cash-to-Debt Related Terms

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

Sanu Gold (XCNQ:SANU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sanu Gold Corp (XCNQ:SANU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SNGCF:USA L73:Germany

Address

1030 West Georgia Street, Suite 717, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.sanugoldcorp.com

Sanu Gold Corp is a mining, exploration, and development company that has interests in three drill-ready gold exploration projects in Guinea, West Africa's Siguiri Basin. The Corporation's primary project is the Banta Baye Property, The other projects are known as the Diguifara project and the Daina project.

Executives

Galen Stuart Mcnamara

Director

Sanu Gold (XCNQ:SANU) Headlines

No Headlines

Sanu Gold (XCNQ:SANU) Cash-to-Debt : No Debt (1) (As of Mar. 2024)