Infinico Metals (TSXV:INFM) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Infinico 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. Infinico Metals'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, Infinico Metals 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 Infinico Metals's Cash-to-Debt or its related term are showing as below:

TSXV:INFM' s Cash-to-Debt Range Over the Past 10 Years
Min: 33.72 Med: 5055.94 Max: No Debt
Current: No Debt

During the past 4 years, Infinico Metals's highest Cash to Debt Ratio was No Debt. The lowest was 33.72. And the median was 5055.94.

TSXV:INFM's Cash-to-Debt is ranked better than
99.92% of 2637 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:INFM: No Debt

Infinico Metals Cash-to-Debt Historical Data

The historical data trend for Infinico 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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Infinico Metals Cash-to-Debt Chart

Infinico Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

111.89

33.72

No Debt

Infinico Metals Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									33.72	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Infinico Metals's Cash-to-Debt

For the Gold subindustry, Infinico 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.

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

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

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

Infinico 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.

Infinico Metals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Infinico Metals had no debt ⁽¹⁾.

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

Infinico Metals had no debt ⁽¹⁾.

Infinico Metals (TSXV:INFM) 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.

Infinico Metals Cash-to-Debt Related Terms

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

Infinico Metals (TSXV:INFM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1507 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.burin-gold.com

Infinico Metals Corp, formerly Burin Gold Corp is is engaged in the identification, acquisition, and exploration of properties for mining of precious and base metals. It focuses on the Hickey's Pond Paradise Gold project.

Executives

Plethora Private Equity Management	10% Security Holder
Stichting Legal Owner Plethora Private Equity	10% Security Holder

Infinico Metals (TSXV:INFM) Headlines

No Headlines

Infinico Metals (TSXV:INFM) Cash-to-Debt : No Debt (1) (As of Dec. 2023)