Triple One Metals (XCNQ:TONE) Cash-to-Debt : 3.50 (As of Feb. 2024)

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What is Triple One Metals 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. Triple One Metals's cash to debt ratio for the quarter that ended in Feb. 2024 was 3.50.

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, Triple One Metals 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 Triple One Metals's Cash-to-Debt or its related term are showing as below:

XCNQ:TONE' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.5 Med: 12.5 Max: 375
Current: 3.5

During the past 4 years, Triple One Metals's highest Cash to Debt Ratio was 375.00. The lowest was 3.50. And the median was 12.50.

XCNQ:TONE's Cash-to-Debt is ranked worse than
59.77% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.33 vs XCNQ:TONE: 3.50

Triple One Metals Cash-to-Debt Historical Data

The historical data trend for Triple One Metals'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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Triple One Metals Cash-to-Debt Chart

Triple One Metals Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

5.12

375.00

5.50

6.50

Triple One Metals Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial									31.50	36.50	22.50	6.50	3.50

Competitive Comparison of Triple One Metals's Cash-to-Debt

For the Gold subindustry, Triple One Metals'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.

Triple One Metals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Triple One Metals's Cash-to-Debt falls into.

Triple One Metals 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.

Triple One Metals's Cash to Debt Ratio for the fiscal year 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)
	=	0.013	/	(0.002	+	0)
	=	6.50

Triple One Metals'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)
	=	0.007	/	(0.002	+	0)
	=	3.50

Triple One Metals (XCNQ:TONE) 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.

Triple One Metals Cash-to-Debt Related Terms

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Triple One Metals (XCNQ:TONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Triple One Metals Inc (XCNQ:TONE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

55V1:Germany

Address

59 Payzant Drive, Windsor, NS, CAN, B0N 2T0

Website

http://www.tripleonemetals.com

Triple One Metals Inc is a mineral exploration company involved in the identification, acquisition, and exploration of mineral properties located in Atlantic Canada. The company is involved in exploring of precious and base metal deposits. Its projects include Caledonia Brook; Golden Eye; Manuels and Highfield.

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