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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. Rare Element Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 17.90.
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, Rare Element Resources 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 Rare Element Resources's Cash-to-Debt or its related term are showing as below:
During the past 13 years, Rare Element Resources's highest Cash to Debt Ratio was No Debt. The lowest was 17.90. And the median was No Debt.
The historical data trend for Rare Element Resources'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.
Rare Element Resources Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash-to-Debt | Get a 7-Day Free Trial | No Debt | No Debt | 59.01 | 53.16 | 17.90 |
Rare Element Resources Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cash-to-Debt | Get a 7-Day Free Trial | 53.16 | 51.82 | 46.56 | 28.79 | 17.90 |
For the Other Industrial Metals & Mining subindustry, Rare Element Resources'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.
For the Metals & Mining industry and Basic Materials sector, Rare Element Resources's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Rare Element Resources's Cash-to-Debt falls into.
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.
Rare Element Resources's Cash to Debt Ratio for the fiscal year 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) | |
= | 3.633 | / | (0.111 | + | 0.092) | |
= | 17.90 |
Rare Element Resources'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) | |
= | 3.633 | / | (0.111 | + | 0.092) | |
= | 17.90 |
* 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.
Rare Element Resources (OTCPK:REEMF) 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.
Thank you for viewing the detailed overview of Rare Element Resources's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul Joseph Hickey | director | 803 MYLAR PARK DRIVE, CHEYENNE WY 82009 |
Brent Berg | officer: President and CEO | 9384 EAST DIANNA DRIVE, GOLD CANYON AZ 85118 |
Nicole J. Champine | director | 7800 EAST DORADO PLACE, GREENWOOD VILLAGE CO 80111 |
Wayne Rich | officer: Chief Financial Officer | 600 SEVENTEENTH STREET, SUITE 2800 SOUTH, DENVER CO 80202 |
Lowell A Shonk | director | 225 UNION BLVD, SUITE 250, LAKEWOOD CO 80228 |
Randall John Scott | officer: President and CEO | C/O RARE ELEMENT RESOURCES LTD., 225 UNION BLVD SUITE 250, LAKEWOOD CO 80228 |
Paul John Schlauch | director | C/O RARE ELEMENT RESOURCES LTD., 225 UNION BLVD SUITE 250, LAKEWOOD CO 80228 |
Gerald W Grandey | director | 225 UNION BLVD, SUITE 250, LAKEWOOD CO 80228 |
Barton S Brundage | director | 11700 PINE CANYON POINT, PARKER CO 80138 |
Kenneth J. Mushinski | director | 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121 |
David I Roberts | director | 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121 |
General Atomic Technologies Corp | 10 percent owner | |
Tenaya Corp | 10 percent owner | 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121 |
Ynchron | 10 percent owner | 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121 |
Norman William Burmeister | director | C/O RARE ELEMENT RESOURCES LTD., 255 UNION BLVD SUITE 250, LAKEWOOD CO 80228 |
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