FEXXF (Fjordland Exploration) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Fjordland Exploration 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. Fjordland Exploration's cash to debt ratio for the quarter that ended in Sep. 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, Fjordland Exploration could 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 Fjordland Exploration's Cash-to-Debt or its related term are showing as below:

FEXXF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 25.23 Max: No Debt
Current: 35.43

During the past 13 years, Fjordland Exploration's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 25.23.

FEXXF's Cash-to-Debt is ranked better than
54.01% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs FEXXF: 35.43

Fjordland Exploration Cash-to-Debt Historical Data

The historical data trend for Fjordland Exploration'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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Fjordland Exploration Cash-to-Debt Chart

Fjordland Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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47.36

4.67

61.27

13.45

15.43

Fjordland Exploration Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															15.57	15.43	19.31	32.20	No Debt

Competitive Comparison of Fjordland Exploration's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Fjordland Exploration'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.

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

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

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

Fjordland Exploration 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.

Fjordland Exploration'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)
	=	0.324	/	(0.021	+	0)
	=	15.43

Fjordland Exploration's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Fjordland Exploration had no debt ⁽¹⁾.

Fjordland Exploration (OTCPK:FEXXF) 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.

Fjordland Exploration Cash-to-Debt Related Terms

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

Fjordland Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fjordland Exploration Inc (OTCPK:FEXXF) » Definitions » Cash-to-Debt

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FEX:Canada

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.fjordlandex.com

Fjordland Exploration Inc is a Canada-based exploration-stage company. It is engaged in the exploration of mineral properties. The company's projects include South Voisey's Bay Project, Renzy Nickel-Copper Project, Witch Project, and Milligan West Project. The Company has one operating segment, mineral acquisition, and exploration, and operates in one geographical segment, Canada.

Fjordland Exploration Headlines

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FEXXF (Fjordland Exploration) Cash-to-Debt : No Debt (1) (As of Sep. 2024)