Grid Battery Metals (TSXV:CELL) Cash-to-Debt : 378.70 (As of Dec. 2023)

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What is Grid Battery 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. Grid Battery Metals's cash to debt ratio for the quarter that ended in Dec. 2023 was 378.70.

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, Grid Battery Metals 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 Grid Battery Metals's Cash-to-Debt or its related term are showing as below:

TSXV:CELL' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.27 Med: No Debt Max: No Debt
Current: 378.7

During the past 12 years, Grid Battery Metals's highest Cash to Debt Ratio was No Debt. The lowest was 2.27. And the median was No Debt.

TSXV:CELL's Cash-to-Debt is ranked better than
63.84% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs TSXV:CELL: 378.70

Grid Battery Metals Cash-to-Debt Historical Data

The historical data trend for Grid Battery 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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Grid Battery Metals Cash-to-Debt Chart

Grid Battery Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

9.30

59.18

No Debt

289.84

Grid Battery Metals 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															No Debt	No Debt	289.84	281.17	378.70

Competitive Comparison of Grid Battery Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Grid Battery 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.

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

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

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

Grid Battery 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.

Grid Battery Metals's Cash to Debt Ratio for the fiscal year 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)
	=	7.246	/	(0.01	+	0.015)
	=	289.84

Grid Battery Metals'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)
	=	7.574	/	(0.01	+	0.01)
	=	378.70

Grid Battery Metals (TSXV:CELL) 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.

Grid Battery Metals Cash-to-Debt Related Terms

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

Grid Battery Metals (TSXV:CELL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grid Battery Metals Inc (TSXV:CELL) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

EVKRF:USA W47:Germany

Address

3028 Quadra Court, Coquitlam, BC, CAN, V3B 5X6

Website

https://www.gridbatterymetals.com

Grid Battery Metals Inc is an exploration and mining company. The company primarily explores nickel-iron alloys, important in the manufacture of environmentally efficient batteries for the electric vehicle markets. Its projects are Hard Nickel Group; Nickel 100 Group, Texas Spring, Volt canyon and Clayton Valley Lithium.