Abitibi Metals (FRA:FW0) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Abitibi 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. Abitibi Metals's cash to debt ratio for the quarter that ended in Sep. 2023 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, Abitibi Metals could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(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 Abitibi Metals's Cash-to-Debt or its related term are showing as below:

FRA:FW0' 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 5 years, Abitibi Metals's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

FRA:FW0's Cash-to-Debt is ranked better than
99.92% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs FRA:FW0: No Debt

Abitibi Metals Cash-to-Debt Historical Data

The historical data trend for Abitibi 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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Abitibi Metals Cash-to-Debt Chart

Abitibi Metals Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

Abitibi Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Abitibi Metals's Cash-to-Debt

For the Gold subindustry, Abitibi 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.

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

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

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

Abitibi 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.

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

Abitibi Metals had no debt ⁽¹⁾.

Abitibi Metals's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Abitibi Metals had no debt ⁽¹⁾.

Abitibi Metals (FRA:FW0) 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.

Abitibi Metals Cash-to-Debt Related Terms

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

Abitibi Metals (FRA:FW0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abitibi Metals Corp (FRA:FW0) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AMQFF:USA AMQ:Canada

Address

1231 Huron Street, London, ON, CAN, N5Y 4L1

Website

https://www.abitibimetals.com

Abitibi Metals Corp is engaged in the business of acquisition, exploration, and development of mining properties in Ontario and Quebec. Its mineral properties include Horizon Property, Southern Arm Property, Quevillon West Property, Bonanza Property and others.

Abitibi Metals (FRA:FW0) Headlines

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Abitibi Metals (FRA:FW0) Cash-to-Debt : No Debt (1) (As of Sep. 2023)