EV Nickel (TSXV:EVNI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is EV Nickel 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. EV Nickel's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, EV Nickel could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

TSXV:EVNI' s Cash-to-Debt Range Over the Past 10 Years
Min: 35.75 Med: 324.05 Max: No Debt
Current: 663

During the past 3 years, EV Nickel's highest Cash to Debt Ratio was No Debt. The lowest was 35.75. And the median was 324.05.

TSXV:EVNI's Cash-to-Debt is ranked better than
64.8% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:EVNI: 663.00

EV Nickel Cash-to-Debt Historical Data

The historical data trend for EV Nickel'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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EV Nickel Cash-to-Debt Chart

EV Nickel Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

153.00

35.75

EV Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							272.67	69.80	35.75	604.50	No Debt

Competitive Comparison of EV Nickel's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, EV Nickel'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.

EV Nickel's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

EV Nickel 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.

EV Nickel'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)
	=	0.143	/	(0.004	+	0)
	=	35.75

EV Nickel's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

EV Nickel had no debt ⁽¹⁾.

EV Nickel (TSXV:EVNI) 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.

EV Nickel Cash-to-Debt Related Terms

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

EV Nickel (TSXV:EVNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EV Nickel Inc (TSXV:EVNI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EVNIF:USA JR1:Germany

Address

150 King Street W, Suite 200, Toronto, ON, CAN, M5H 1J9

Website

https://www.evnickel.com

EV Nickel Inc is a Canadian nickel exploration company. Its mission is to accelerate the transition to clean energy, focused on the Shaw Dome Project, south of Timmins, Ontario. EVNi has over 30,000 hectares to explore across the Shaw Dome and has identified more than 100 km of additional favourable strike length. The Shaw Dome includes the High-Grade W4 Deposit- with a Resource which defined 2.0M tonnes 0.98% Ni for 43.3M lbs of Class 1 Nickel across Measured, Indicated and Inferred and the Large-Scale CarLang Area with more than 10km of mineralization and where the first 20 percent contains the A Zone- with a Resource which defined 1.0B tonnes 0.24% Ni for 5.3B lbs of Class 1 Nickel across Indicated and Inferred.

Executives

Rogue Resources Inc.

10% Security Holder

EV Nickel (TSXV:EVNI) Headlines

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EV Nickel (TSXV:EVNI) Cash-to-Debt : No Debt (1) (As of Dec. 2023)