Electric Metals (Electric Metals) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is 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. Electric Metals's cash to debt ratio for the quarter that ended in Mar. 2024 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, Electric Metals could pay off its debt using the cash in hand for the quarter that ended in Mar. 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 Electric Metals's Cash-to-Debt or its related term are showing as below:

EMUSF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 2.39 Max: No Debt
Current: 11.55

During the past 3 years, Electric Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.47. And the median was 2.39.

EMUSF's Cash-to-Debt is ranked worse than
52.96% of 2651 companies
in the Metals & Mining industry
Industry Median: 17.71 vs EMUSF: 11.55

Electric Metals Cash-to-Debt Historical Data

The historical data trend for 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.

* Premium members only.

Electric Metals Cash-to-Debt Chart

Electric Metals Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.55

0.89

22.14

Electric Metals Quarterly Data
	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial									1.28	0.87	4.91	22.14	No Debt

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

For the Silver subindustry, 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.

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

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

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

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.

Electric Metals'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)
	=	1.86	/	(0.084	+	0)
	=	22.14

Electric Metals's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Electric Metals had no debt ⁽¹⁾.

Electric Metals (OTCPK:EMUSF) 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.

Electric Metals Cash-to-Debt Related Terms

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

Electric Metals (Electric Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electric Metals (USA) Ltd (OTCPK:EMUSF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EML:Canada

Address

365 Bay Street, Suite 800, Toronto, ON, CAN, M5H 2V1

Website

https://www.electricmetals.com

Electric Metals (USA) Ltd is a U.S.-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy. The Company's principal asset is the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, including a National Instrument 43-101 Technical Report - Resource Estimate, with over US$26 million invested to date. The Company's mission in Minnesota is to become a domestic U.S. producer of high-purity, high-value manganese metal and chemical products for supply to U.S. energy, technology and industrial markets. With manganese plays a critical and prominent role in lithium-ion battery formulations, and with no current domestic supply or active mines for manganese in North America.