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Focus MineralsASX:FML +1.83%30 Cash-to-Debt is 35.69 as of Dec. 2025, which is 93% above its 10-year median of 18.52. GuruFocus rates ASX:FML with a GF Score™ of 30/100. The stock has 1 warning sign investors should review. Among 2,610 Metals & Mining companies, Focus Minerals ranks better than 50.27% on this metric.
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. Focus Minerals's cash to debt ratio for the quarter that ended in Dec. 2025 was 35.69.
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, Focus Mineralscould pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
The historical rank and industry rank for Focus Minerals's Cash-to-Debt or its related term are showing as below:
ASX:FML'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 18.52 Max: No Debt
Current: 35.69
During the past 13 years, Focus Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 18.52.
ASX:FML's Cash-to-Debt is ranked better than 50.27% of 2610
companies
in the Metals & Mining industry
Industry Median: 33.885
vs ASX:FML: 35.69
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.
Focus Minerals Cash-to-Debt Related Terms
Focus Minerals Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Focus Minerals'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.
For the Gold subindustry, Focus Minerals'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.
Focus Minerals Cash-to-Debt vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Focus Minerals's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Focus Minerals's Cash-to-Debt falls into.
* 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.
Focus Minerals (ASX:FML) has a Cash-to-Debt of 35.69 as of Dec. 2025. This is 93% above median its historical median of 18.52. Over the past decade, Focus Minerals' Cash-to-Debt has ranged from 0.01 to 10,000.00. According to the industry distribution chart, Focus Minerals ranks #1298 out of 2610 companies in the Metals & Mining industry, placing it in the top 49.7%.
Is Focus Minerals' Cash-to-Debt too high?
Focus Minerals' current Cash-to-Debt of 35.69 is 93% above median its 10-year median of 18.52. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 10,000.00. The Metals & Mining industry median Cash-to-Debt is 33.89. Focus Minerals' value of 35.69 is 5.3% above this industry median. Based on the distribution chart, Focus Minerals ranks #1298 out of 2610 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Focus Minerals has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Focus Minerals' Cash-to-Debt compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Focus Minerals ranks #1298 out of 2610 companies for Cash-to-Debt. This puts Focus Minerals in the upper half of its industry. The industry median Cash-to-Debt is 33.89. Focus Minerals' value of 35.69 is 5.3% above this benchmark. Historically, Focus Minerals' own Cash-to-Debt has ranged from 0.01 to 10,000.00 over the past decade. While the company's 10-year median is 18.52 vs. the industry median of 33.89, Focus Minerals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Metals & Mining company?
The median Cash-to-Debt among Metals & Mining companies is 33.89, based on 2,610 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Focus Minerals's current Cash-to-Debt of 35.69 is 5.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Metals & Mining industry, the median Cash-to-Debt is 33.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Focus Minerals's current Cash-to-Debt is 35.69, which is 93% above median its own 10-year median of 18.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Focus Minerals stock overvalued right now?
Focus Minerals (ASX:FML) has a current Cash-to-Debt of 35.69. The current Cash-to-Debt is 35.69, which is 93% above median its 10-year median of 18.52 and 5.3% above the Metals & Mining industry median of 33.89. Focus Minerals' overall GF Score™ is 30/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Focus Minerals (ASX:FML), the current Cash-to-Debt is 35.69 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Focus Minerals Ltd is engaged in gold exploration and production in Western Australia. The company's projects include Three Mile Hill Processing plant, Varischetti Village, and Coolgardie Gold Project which generates key revenue.
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