Nickel 28 Capital (FRA:3JC0) Cash-to-Debt : 0.20 (As of Oct. 2023)

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

What is Nickel 28 Capital 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. Nickel 28 Capital's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.20.

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 Capital couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

The historical rank and industry rank for Nickel 28 Capital's Cash-to-Debt or its related term are showing as below:

FRA:3JC0' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.06 Max: 0.2
Current: 0.2

During the past 4 years, Nickel 28 Capital's highest Cash to Debt Ratio was 0.20. The lowest was 0.04. And the median was 0.06.

FRA:3JC0's Cash-to-Debt is ranked worse than
85.12% of 2634 companies
in the Metals & Mining industry
Industry Median: 17.81 vs FRA:3JC0: 0.20

Nickel 28 Capital Cash-to-Debt Historical Data

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.

* Premium members only.

Nickel 28 Capital Cash-to-Debt Chart

Nickel 28 Capital Annual Data

Trend

Dec19

Dec20

Jan22

Jan23

Cash-to-Debt

0.05

0.06

0.04

Nickel 28 Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial											0.05	0.04	0.19	0.11	0.20

Competitive Comparison of Nickel 28 Capital's Cash-to-Debt

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's Cash-to-Debt Distribution in the 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.

Nickel 28 Capital 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.

Nickel 28 Capital's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	2.219	/	(19.787	+	32.087)
	=	0.04

Nickel 28 Capital's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	9.33	/	(10.493	+	35.944)
	=	0.20

Nickel 28 Capital (FRA:3JC0) 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

Thank you for viewing the detailed overview of Nickel 28 Capital's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Nickel 28 Capital (FRA:3JC0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel 28 Capital Corp (FRA:3JC0) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CONXF:USA 3JC:Germany NKL:Canada

Address

155 University Avenue, Suite 1240, Toronto, ON, CAN, M5H 3B7

Website

https://www.nickel28.com

Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, the company manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.

Nickel 28 Capital (FRA:3JC0) Headlines

No Headlines