Flying Nickel Mining (Flying Nickel Mining) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Flying Nickel Mining 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. Flying Nickel Mining'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, Flying Nickel Mining 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 Flying Nickel Mining's Cash-to-Debt or its related term are showing as below:

FLYNF' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 0 years, Flying Nickel Mining's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

FLYNF's Cash-to-Debt is ranked better than
99.92% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs FLYNF: No Debt

Flying Nickel Mining Cash-to-Debt Historical Data

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

Flying Nickel Mining Annual Data

Trend

Cash-to-Debt

Flying Nickel Mining Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Flying Nickel Mining's Cash-to-Debt

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

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

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

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

Flying Nickel Mining 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.

Flying Nickel Mining's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

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

Flying Nickel Mining had no debt ⁽¹⁾.

Flying Nickel Mining (OTCPK:FLYNF) 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.

Flying Nickel Mining Cash-to-Debt Related Terms

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

Flying Nickel Mining (Flying Nickel Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Flying Nickel Mining Corp (OTCPK:FLYNF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FLYN:Canada

Address

409 Granville Street, Suite 1610, Vancouver, BC, CAN, V6C 1T2

Website

https://www.flynickel.com

Flying Nickel Mining Corp is a premier nickel sulphide mining and exploration company. It holds interests in the Minago Project located in Manitoba's Thompson Nickel Belt in Canada.

Flying Nickel Mining (Flying Nickel Mining) Headlines

From GuruFocus

Flying Nickel Announces Appointment of CEO and CFO

By ACCESSWIRE ACCESSWIRE • 07-21-2022

Flying Nickel Mining (Flying Nickel Mining) Cash-to-Debt : No Debt (1) (As of Dec. 2023)