DFMTF (Defense Metals) Cash-to-Debt : 0.92 (As of Sep. 2024)

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What is Defense 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. Defense Metals's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.92.

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, Defense Metals couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(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 Defense Metals's Cash-to-Debt or its related term are showing as below:

DFMTF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.92 Med: No Debt Max: No Debt
Current: 0.92

During the past 7 years, Defense Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.92. And the median was No Debt.

DFMTF's Cash-to-Debt is ranked worse than
68.6% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs DFMTF: 0.92

Defense Metals Cash-to-Debt Historical Data

The historical data trend for Defense 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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Defense Metals Cash-to-Debt Chart

Defense Metals Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

Defense Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	0.92

Competitive Comparison of Defense Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Defense 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.

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

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

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

Defense 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.

Defense Metals's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Defense Metals had no debt ⁽¹⁾.

Defense Metals's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	1.643	/	(1.759	+	0.03)
	=	0.92

Defense Metals (OTCPK:DFMTF) 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.

Defense Metals Cash-to-Debt Related Terms

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Defense Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Defense Metals Corp (OTCPK:DFMTF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

35D:Germany DEFN:Canada

Address

228 - 1122 Mainland Street, Suite 605, Vancouver, BC, CAN, V6B 5L1

Website

https://www.defensemetals.com

Defense Metals Corp is a mineral exploration company focused on metals and elements commonly used in the EV market, military, national security, and "GREEN" energy technologies, such as high-strength alloys and rare earth magnets. operates in one business segment, being the exploration, development, and evaluation of the Wicheeda Project in British Columbia, Canada. It holds a portfolio of one hundred percent of the one thousand seven hundred eight hectares of Rare Earth Wicheeda Property in British Columbia, Canada. The mineral deposits are commonly used in the electric power market, defense industry, national security sector, and in the production of green energy technologies.