Altius Minerals (TSX:ALS) Cash-to-Debt : 1.16 (As of Dec. 2023)

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What is Altius 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. Altius Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.16.

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, Altius Minerals 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 Altius Minerals's Cash-to-Debt or its related term are showing as below:

TSX:ALS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.25 Max: 1.16
Current: 1.16

During the past 13 years, Altius Minerals's highest Cash to Debt Ratio was 1.16. The lowest was 0.05. And the median was 0.25.

TSX:ALS's Cash-to-Debt is ranked worse than
67.41% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.81 vs TSX:ALS: 1.16

Altius Minerals Cash-to-Debt Historical Data

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

Altius Minerals Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.21

0.16

0.87

0.68

1.16

Altius Minerals 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															0.68	0.65	0.68	0.59	1.16

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

For the Other Industrial Metals & Mining subindustry, Altius 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.

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

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

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

Altius 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.

Altius Minerals'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)
	=	130.422	/	(8	+	104.173)
	=	1.16

Altius Minerals'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)
	=	130.422	/	(8	+	104.173)
	=	1.16

Altius Minerals (TSX:ALS) 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.

Altius Minerals Cash-to-Debt Related Terms

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Altius Minerals (TSX:ALS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altius Minerals Corp (TSX:ALS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ATUSF:USA VTM:Germany

Address

38 Duffy Place, 2nd Floor, St. John's, NL, CAN, A1B 4M5

Website

https://www.altiusminerals.com

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties. It is engaged in the operating segments of Mineral Royalties, Renewable Royalties and Project Generation.

Altius Minerals (TSX:ALS) Headlines

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