Future Battery Minerals (ASX:FBM) Cash-to-Debt : 36.88 (As of Dec. 2023)

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What is Future Battery 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. Future Battery Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was 36.88.

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, Future Battery Minerals could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:FBM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 5023.88 Max: No Debt
Current: 36.88

During the past 11 years, Future Battery Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 5023.88.

ASX:FBM's Cash-to-Debt is ranked better than
54.37% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:FBM: 36.88

Future Battery Minerals Cash-to-Debt Historical Data

The historical data trend for Future Battery 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.

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Future Battery Minerals Cash-to-Debt Chart

Future Battery Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

17.57

22.30

26.20

Future Battery Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															47.76	22.30	27.99	26.20	36.88

Competitive Comparison of Future Battery Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Future Battery 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.

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

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

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

Future Battery 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.

Future Battery Minerals's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	3.039	/	(0.059	+	0.057)
	=	26.20

Future Battery Minerals's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	2.95	/	(0.052	+	0.028)
	=	36.88

Future Battery Minerals (ASX:FBM) 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.

Future Battery Minerals Cash-to-Debt Related Terms

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