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Nickel 28 CapitalCONXF +4.33%38 Cash-to-Debt is 0.25 as of Apr. 2026, which is 150% above its 10-year median of 0.10. GuruFocus rates CONXF with a GF Score™ of 38/100. Among 2,618 Metals & Mining companies, Nickel 28 Capital ranks worse than 86.75% 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. Nickel 28 Capital's cash to debt ratio for the quarter that ended in Apr. 2026 was 0.25.
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, Nickel 28 Capitalcouldn't pay off its debt using the cash in hand for the quarter that ended in Apr. 2026.
The historical rank and industry rank for Nickel 28 Capital's Cash-to-Debt or its related term are showing as below:
CONXF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.1 Max: 0.28
Current: 0.25
During the past 7 years, Nickel 28 Capital's highest Cash to Debt Ratio was 0.28. The lowest was 0.04. And the median was 0.10.
CONXF's Cash-to-Debt is ranked worse than 86.75% of 2618
companies
in the Metals & Mining industry
Industry Median: 34.945
vs CONXF: 0.25
Nickel 28 Capital (OTCPK:CONXF) 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.
Nickel 28 Capital Cash-to-Debt Related Terms
Nickel 28 Capital Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Nickel 28 Capital'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.
Nickel 28 Capital Cash-to-Debt Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Nickel 28 Capital'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.
Nickel 28 Capital Cash-to-Debt vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel 28 Capital's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Nickel 28 Capital'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.
Nickel 28 Capital (CONXF) has a Cash-to-Debt of 0.25 as of Apr. 2026. This is 150% above median its historical median of 0.10. Over the past decade, Nickel 28 Capital's Cash-to-Debt has ranged from 0.04 to 0.28. According to the industry distribution chart, Nickel 28 Capital ranks #2271 out of 2618 companies in the Metals & Mining industry, placing it in the top 86.7%.
Is Nickel 28 Capital's Cash-to-Debt too high?
Nickel 28 Capital's current Cash-to-Debt of 0.25 is 150% above median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.28. The Metals & Mining industry median Cash-to-Debt is 34.95. Nickel 28 Capital's value of 0.25 is 99.3% below this industry median. Based on the distribution chart, Nickel 28 Capital ranks #2271 out of 2618 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Nickel 28 Capital has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Nickel 28 Capital's Cash-to-Debt compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel 28 Capital ranks #2271 out of 2618 companies for Cash-to-Debt. This places Nickel 28 Capital in the lower half of its industry. The industry median Cash-to-Debt is 34.95. Nickel 28 Capital's value of 0.25 is 99.3% below this benchmark. Historically, Nickel 28 Capital's own Cash-to-Debt has ranged from 0.04 to 0.28 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 34.95, Nickel 28 Capital has consistently been below 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 34.95, based on 2,618 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. Nickel 28 Capital's current Cash-to-Debt of 0.25 is 99.3% below 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 34.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nickel 28 Capital's current Cash-to-Debt is 0.25, which is 150% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel 28 Capital stock overvalued right now?
Nickel 28 Capital (CONXF) has a current Cash-to-Debt of 0.25. The current Cash-to-Debt is 0.25, which is 150% above median its 10-year median of 0.10 and 99.3% below the Metals & Mining industry median of 34.95. Nickel 28 Capital's overall GF Score™ is 38/100. 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 Nickel 28 Capital (CONXF), the current Cash-to-Debt is 0.25 as of Apr. 2026. 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.
Nickel 28 Capital Corp is a base metals company offering direct exposure to nickel and cobalt. The Company holds a joint-venture interest in the producing Ramu Nickel-Cobalt Operation in Papua New Guinea and manages a portfolio of nickel and cobalt royalties in projects in Canada, Australia, and Papua New Guinea, including royalties in the Dumont nickel project in Quebec and the Turnagain nickel project in British Columbia. The Company is engaged in the management and acquisition of joint venture and royalty interests in the nickel and cobalt sectors. Its primary focus is on opportunities that could provide shareholders with near-term cash flow and royalties on production and exploration-stage nickel and/or cobalt properties. The Company operates in Canada and Asia Pacific.
38GF Score
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