Champion Electric Metals (XCNQ:LTHM) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Champion Electric Metals 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. Champion Electric Metals's cash to debt ratio for the quarter that ended in Sep. 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, Champion Electric Metals could pay off its debt using the cash in hand for the quarter that ended in Sep. 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 Champion Electric Metals's Cash-to-Debt or its related term are showing as below:

XCNQ:LTHM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 12.82 Max: No Debt
Current: 82.4

During the past 13 years, Champion Electric Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 12.82.

XCNQ:LTHM's Cash-to-Debt is ranked better than
58.81% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.33 vs XCNQ:LTHM: 82.40

Champion Electric Metals Cash-to-Debt Historical Data

The historical data trend for Champion Electric Metals'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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Champion Electric Metals Cash-to-Debt Chart

Champion Electric Metals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

0.40

51.34

0.38

21.66

Champion Electric Metals Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															9.91	10.70	21.66	35.22	No Debt

Competitive Comparison of Champion Electric Metals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Champion Electric Metals'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.

Champion Electric Metals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Champion Electric Metals's Cash-to-Debt falls into.

Champion Electric Metals 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.

Champion Electric Metals'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)
	=	1.083	/	(0.05	+	0)
	=	21.66

Champion Electric Metals's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Champion Electric Metals had no debt ⁽¹⁾.

Champion Electric Metals (XCNQ:LTHM) 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.

Champion Electric Metals Cash-to-Debt Related Terms

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

Champion Electric Metals (XCNQ:LTHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Champion Electric Metals Inc (XCNQ:LTHM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CHELF:USA 1QB0:Germany

Address

401 Bay Street, Suite 2704, Toronto, ON, CAN, M5H 2Y4

Website

https://www.champem.com

Champion Electric Metals Inc is a discovery-focused exploration company that is committed to advancing its prospective lithium properties in Quebec, Canada, and cobalt properties in Idaho, United States. In addition, the Company owns the Baner gold project in Idaho County and the Champagne polymetallic project in Butte County near Arco.

Champion Electric Metals (XCNQ:LTHM) Headlines

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Champion Electric Metals (XCNQ:LTHM) Cash-to-Debt : No Debt (1) (As of Sep. 2023)