Velox Energy Materials (TSXV:VLX) Cash-to-Debt : 83.52 (As of Dec. 2023)

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What is Velox Energy Materials 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. Velox Energy Materials's cash to debt ratio for the quarter that ended in Dec. 2023 was 83.52.

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, Velox Energy Materials 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 Velox Energy Materials's Cash-to-Debt or its related term are showing as below:

TSXV:VLX' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.02 Med: No Debt Max: No Debt
Current: 83.52

During the past 13 years, Velox Energy Materials's highest Cash to Debt Ratio was No Debt. The lowest was 2.02. And the median was No Debt.

TSXV:VLX's Cash-to-Debt is ranked better than
58.87% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:VLX: 83.52

Velox Energy Materials Cash-to-Debt Historical Data

The historical data trend for Velox Energy Materials'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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Velox Energy Materials Cash-to-Debt Chart

Velox Energy Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

18.46

No Debt

83.52

Velox Energy Materials 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															No Debt	No Debt	No Debt	No Debt	83.52

Competitive Comparison of Velox Energy Materials's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Velox Energy Materials'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.

Velox Energy Materials's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Velox Energy Materials's Cash-to-Debt falls into.

Velox Energy Materials 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.

Velox Energy Materials'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)
	=	2.088	/	(0.025	+	0)
	=	83.52

Velox Energy Materials'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)
	=	2.088	/	(0.025	+	0)
	=	83.52

Velox Energy Materials (TSXV:VLX) 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.

Velox Energy Materials Cash-to-Debt Related Terms

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

Velox Energy Materials (TSXV:VLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Velox Energy Materials Inc (TSXV:VLX) » Definitions » Cash-to-Debt

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CUIRF:USA

Address

401 Bay Street, P.O. BOX 4, Suite 2704, Toronto, ON, CAN, M5H 2Y4

Website

https://www.veloxenergymaterials.com.au

Velox Energy Materials Inc is an exploration and development company. It has focused on energy materials solutions for the global transition to net zero. The company's immediate focus is the North Queensland Vanadium Project in Queensland, Australia, Kotai Hydrogen project and Mineral Resources and Ore Reserves.

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