Atlas Lithium (STU:C480) Cash-to-Debt : 1.69 (As of Mar. 2024)

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What is Atlas Lithium 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. Atlas Lithium's cash to debt ratio for the quarter that ended in Mar. 2024 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, Atlas Lithium could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

STU:C480' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.13 Max: No Debt
Current: 1.69

During the past 12 years, Atlas Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.13.

STU:C480's Cash-to-Debt is ranked worse than
64.2% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs STU:C480: 1.69

Atlas Lithium Cash-to-Debt Historical Data

The historical data trend for Atlas Lithium'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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Atlas Lithium Cash-to-Debt Chart

Atlas Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.15

2.22

13.25

2.89

Atlas Lithium Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															221.86	930.60	No Debt	2.89	1.69

Competitive Comparison of Atlas Lithium's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Atlas Lithium'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.

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

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

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

Atlas Lithium 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.

Atlas Lithium'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)
	=	27.097	/	(0.167	+	9.207)
	=	2.89

Atlas Lithium's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	16.127	/	(0.328	+	9.24)
	=	1.69

Atlas Lithium (STU:C480) 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.

Atlas Lithium Cash-to-Debt Related Terms

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

Atlas Lithium (STU:C480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Lithium Corp (STU:C480) » Definitions » Cash-to-Debt

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ATLX:USA

Address

Rua Bahia 2463, Suite 205, Belo Horizonte, MG, BRA, 30.160-012

Website

https://www.atlas-lithium.com

Atlas Lithium Corp is a mineral exploration and development company with lithium projects and exploration properties in other critical and battery minerals, including nickel, rare earth, graphite, and titanium, to power the increased demand for electrification. Its current focus is on developing its hard-rock lithium project Minas Gerais Lithium Project located in Minas Gerais State in Brazil. The company intends to produce and sell lithium concentrate, a key ingredient for the battery supply chain.

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