Troy Minerals (XCNQ:TROY) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

View and export this data going back to 2022. Start your Free Trial

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

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

During the past 2 years, Troy Minerals's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:TROY's Cash-to-Debt is ranked better than
99.92% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs XCNQ:TROY: No Debt

Troy Minerals Cash-to-Debt Historical Data

The historical data trend for Troy Minerals'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.

* Premium members only.

Troy Minerals Cash-to-Debt Chart

Troy Minerals Annual Data

Trend

May22

May23

Cash-to-Debt

No Debt

Troy Minerals Quarterly Data
	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	No Debt	No Debt

Competitive Comparison of Troy Minerals's Cash-to-Debt

For the Gold subindustry, Troy Minerals'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.

Troy Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Troy Minerals 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.

Troy Minerals's Cash to Debt Ratio for the fiscal year that ended in May. 2023 is calculated as:

Troy Minerals had no debt ⁽¹⁾.

Troy Minerals's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Troy Minerals had no debt ⁽¹⁾.

Troy Minerals (XCNQ:TROY) 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.

Troy Minerals Cash-to-Debt Related Terms

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

Troy Minerals (XCNQ:TROY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Troy Minerals Inc (XCNQ:TROY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TROYF:USA VJ3:Germany

Address

c/o 750 West Pender Street, Suite 1200, Vancouver, BC, CAN, V6C 2T8

Website

https://www.troyminerals.com

Troy Minerals Inc is a mining exploration company engaged in the identification, acquisition, evaluation, and exploration of mineral properties located in British Columbia, Canada. The company holds 100% interest in the Green Gold Property which consists of 12 mineral claims covering an area of approximately 7,587 hectares located near Prince George, British Columbia.

Executives

Rana Gurvinder Vig

Director, Senior Officer

Troy Minerals (XCNQ:TROY) Headlines

No Headlines

Troy Minerals (XCNQ:TROY) Cash-to-Debt : No Debt (1) (As of Feb. 2024)