Freedom Energy (FRA:B1H2) Cash-to-Debt : 0.00 (As of Dec. 2018)

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What is Freedom Energy 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. Freedom Energy's cash to debt ratio for the quarter that ended in Dec. 2018 was 0.00.

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, Freedom Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2018.

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

During the past 13 years, Freedom Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 1.06.

FRA:B1H2's Cash-to-Debt is not ranked ^*
in the Steel industry.
Industry Median: 0.45
* Ranked among companies with meaningful Cash-to-Debt only.

Freedom Energy Cash-to-Debt Historical Data

The historical data trend for Freedom Energy'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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Freedom Energy Cash-to-Debt Chart

Freedom Energy Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Cash-to-Debt

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1.79

0.17

0.15

0.11

Freedom Energy Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.11	0.02	-	-

Competitive Comparison of Freedom Energy's Cash-to-Debt

For the Coking Coal subindustry, Freedom Energy'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.

Freedom Energy's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Freedom Energy's Cash-to-Debt distribution charts can be found below:

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

Freedom Energy 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.

Freedom Energy's Cash to Debt Ratio for the fiscal year that ended in Mar. 2018 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)
	=	0.04	/	(0.145	+	0.216)
	=	0.11

Freedom Energy's Cash to Debt Ratio for the quarter that ended in Dec. 2018 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)
	=	0.001	/	(0.395	+	0)
	=	0.00

Freedom Energy (FRA:B1H2) 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.

Freedom Energy Cash-to-Debt Related Terms

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

Freedom Energy (FRA:B1H2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Freedom Energy Inc (FRA:B1H2) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

837 West Hastings Street, Suite 315, Vancouver, BC, CAN, V6C 3N6

Website

https://www.freedomenergyinc.com

Freedom Energy Inc is an exploration stage junior mining company. It is engaged in the exploration, evaluation, and development of metallurgical coal, and oil and gas projects in North America. It also holds an interest in Good Hope gold property. The firm operates through one segment that is Exploration and Evaluation of mineral property interests.

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