Arras Minerals (TSXV:ARK) Cash-to-Debt : 4.03 (As of Jan. 2024)

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What is Arras 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. Arras Minerals's cash to debt ratio for the quarter that ended in Jan. 2024 was 4.03.

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, Arras Minerals could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSXV:ARK' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.44 Med: 6.74 Max: No Debt
Current: 4.03

During the past 3 years, Arras Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 1.44. And the median was 6.74.

TSXV:ARK's Cash-to-Debt is ranked worse than
59.45% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:ARK: 4.03

Arras Minerals Cash-to-Debt Historical Data

The historical data trend for Arras 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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Arras Minerals Cash-to-Debt Chart

Arras Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Cash-to-Debt

No Debt

1.55

1.44

Arras Minerals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial							16.03	10.11	5.06	1.44	4.03

Competitive Comparison of Arras Minerals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Arras 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.

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

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

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

Arras 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.

Arras Minerals's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	0.399	/	(0.107	+	0.171)
	=	1.44

Arras Minerals's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	0.996	/	(0.107	+	0.14)
	=	4.03

Arras Minerals (TSXV:ARK) 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.

Arras Minerals Cash-to-Debt Related Terms

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

Arras Minerals (TSXV:ARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arras Minerals Corp (TSXV:ARK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ARRKF:USA

Address

777 Dunsmuir Street, Suite 1605, PO Box 10414, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.arrasminerals.com

Arras Minerals Corp is engaged in the acquisition, exploration, and development of mineral property interests. The company's assets consist of the option to acquire a 100% interest in the Beskauga property (Beskauga) in Kazakhstan. It engages in advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.

Executives

Darren Ervin Charles Klinck

Senior Officer

Arras Minerals (TSXV:ARK) Headlines

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