First Class Metals (LSE:FCM) Cash-to-Debt : 1.69 (As of Jun. 2023)

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What is First Class 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. First Class Metals's cash to debt ratio for the quarter that ended in Jun. 2023 was 1.69.

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, First Class Metals could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for First Class Metals's Cash-to-Debt or its related term are showing as below:

LSE:FCM' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.69 Med: 2.47 Max: 3.26
Current: 1.69

During the past 2 years, First Class Metals's highest Cash to Debt Ratio was 3.26. The lowest was 1.69. And the median was 2.47.

LSE:FCM's Cash-to-Debt is ranked worse than
64.2% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs LSE:FCM: 1.69

First Class Metals Cash-to-Debt Historical Data

The historical data trend for First Class 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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First Class Metals Cash-to-Debt Chart

First Class Metals Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

3.26

First Class Metals Semi-Annual Data
	Jun22	Dec22	Jun23
Cash-to-Debt	N/A	3.26	1.69

Competitive Comparison of First Class Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, First Class 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.

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

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

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

First Class 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.

First Class Metals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.713	/	(0.219	+	0)
	=	3.26

First Class Metals's Cash to Debt Ratio for the quarter 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)
	=	0.844	/	(0.499	+	0)
	=	1.69

First Class Metals (LSE:FCM) 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.

First Class Metals Cash-to-Debt Related Terms

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

First Class Metals (LSE:FCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Class Metals PLC (LSE:FCM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

WN9:Germany

Address

Freckleton Street, Suite 16, Freckleton Street Business Centre, Blackburn, GBR, BB2 2AL

Website

https://www.firstclassmetalsplc.com

First Class Metals PLC is a minerals exploration company. It is focused on providing and developing the potential of flagship property North Hemlo which includes the Pickle Lake Palladium One JV area as well as systematic exploration of the Esa, Sugar Cube, McKellar, Magical, Enable and Coco East projects, in the Hemlo - Harte gold mines region in the Western portion of the Wawa-Abitibi Gold Belt of Ontario, Canada.

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