Equity Metals (Equity Metals) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2023)

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

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

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

EQMEF's Cash-to-Debt is ranked better than
99.92% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs EQMEF: No Debt

Equity Metals Cash-to-Debt Historical Data

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

Equity Metals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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No Debt

Equity Metals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Other Precious Metals & Mining subindustry, Equity 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.

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

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

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

Equity 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.

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

Equity Metals had no debt ⁽¹⁾.

Equity Metals's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Equity Metals had no debt ⁽¹⁾.

Equity Metals (OTCPK:EQMEF) 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.

Equity Metals Cash-to-Debt Related Terms

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Equity Metals (Equity Metals) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

EGSD:Germany EQTY:Canada

Address

1100 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.equitymetalscorporation.com

Equity Metals Corp is engaged in the acquisition, exploration, and development of mineral and diamond properties in British Columbia, Saskatchewan and the Northwest Territories. It explores diamond, silver, and gold ores. The firm focuses on the exploration of diamonds on the Monument Property at Lac de Gras and gold and silver at the Silver Queen mine property, and also has interests in WO and La Ronge Silica project .

Equity Metals (Equity Metals) Headlines

From GuruFocus

Equity Metals Corporation, to Webcast Live at Battery & Precious Metals Virtual Investor Conference October 18th

By Value_Insider Value_Insider • 10-17-2022

Equity Metals (Equity Metals) Cash-to-Debt : No Debt (1) (As of Nov. 2023)