Firestone Diamonds (LSE:FDI) Cash-to-Debt : 0.05 (As of Jun. 2020)

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What is Firestone Diamonds 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. Firestone Diamonds's cash to debt ratio for the quarter that ended in Jun. 2020 was 0.05.

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, Firestone Diamonds couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2020.

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

LSE:FDI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 1.87 Max: No Debt
Current: 0.05

During the past 13 years, Firestone Diamonds's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 1.87.

LSE:FDI's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 17.875 vs LSE:FDI: 0.05

Firestone Diamonds Cash-to-Debt Historical Data

The historical data trend for Firestone Diamonds'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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Firestone Diamonds Cash-to-Debt Chart

Firestone Diamonds Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Cash-to-Debt

Get a 7-Day Free Trial

0.19

0.17

0.09

0.18

0.05

Firestone Diamonds Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20
Cash-to-Debt	Get a 7-Day Free Trial															0.30	0.09	0.27	0.18	0.05

Competitive Comparison of Firestone Diamonds's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Firestone Diamonds'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.

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

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

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

Firestone Diamonds 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.

Firestone Diamonds's Cash to Debt Ratio for the fiscal year that ended in Jun. 2020 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)
	=	3.782	/	(79.059	+	1.62)
	=	0.05

Firestone Diamonds's Cash to Debt Ratio for the quarter that ended in Jun. 2020 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)
	=	3.782	/	(79.059	+	1.62)
	=	0.05

Firestone Diamonds (LSE:FDI) 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.

Firestone Diamonds Cash-to-Debt Related Terms

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

Firestone Diamonds (LSE:FDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firestone Diamonds PLC (LSE:FDI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

207 Brooklands Road, St Georges Business Park, Elder House, Weybridge, Weybridge, Surrey, GBR, KT13 0TS

Website

http://www.firestonediamonds.com

Firestone Diamonds PLC is a UK-based diamond company. The company is primarily involved in diamond mining, exploration, and development in southern Africa. It has three principal operating segments - Liqhobong Mine, BK11 Mine and corporate. Its flagship asset is the Liqhobong Diamond Mine in Lesotho, and the group also has a stake in the BK11 Mine in Botswana. Also, it owns land in Finland that contains known diamond-bearing kimberlites. Its goal is to become a mid-tier diamond producer yielding one million carats per annum.

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