Sigma Lithium (TSXV:SGML) Cash-to-Debt : 0.24 (As of Sep. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Sigma Lithium 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. Sigma Lithium's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.24.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Sigma Lithium couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSXV:SGML' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 28.95 Max: No Debt
Current: 0.24

During the past 11 years, Sigma Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 28.95.

TSXV:SGML's Cash-to-Debt is ranked worse than
83.69% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs TSXV:SGML: 0.24

Sigma Lithium Cash-to-Debt Historical Data

The historical data trend for Sigma Lithium'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.

* Premium members only.

Sigma Lithium Cash-to-Debt Chart

Sigma Lithium Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.83

0.01

1.48

23.39

26.26

Sigma Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	26.26	0.66	0.33	0.24

Competitive Comparison of Sigma Lithium's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Sigma Lithium'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.

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

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

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

Sigma Lithium 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.

Sigma Lithium's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	96.354	/	(0.68	+	2.989)
	=	26.26

Sigma Lithium's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	38.142	/	(29.731	+	126.899)
	=	0.24

Sigma Lithium (TSXV:SGML) 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.

Sigma Lithium Cash-to-Debt Related Terms

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

Sigma Lithium (TSXV:SGML) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SGML:USA S2GM34:Brazil

Address

Avenida Nove de Julho 4939, 9th Floor, Torre Europa, Itaim, Sao Paulo, SP, BRA, 01407-200

Website

https://www.sigmalithiumresources.com

Sigma Lithium Corp is dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium. The company is in construction at its wholly owned Grota do Cirilo Project in Brazil, one of the largest and highest-grade hard rock lithium spodumene deposits in the Americas. It is committed to strong ESG practices and is aiming to be net zero emissions by 2024. Its green-friendly processing plant will use 100% renewable energy, 100% recycled water and 100% dry-stack tailings.