East Africa Metals (FRA:EA1) Cash-to-Debt : 0.07 (As of Dec. 2024)

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What is East Africa 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. East Africa Metals's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.07.

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, East Africa Metals couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

FRA:EA1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 1.8 Max: No Debt
Current: 0.07

During the past 12 years, East Africa Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 1.80.

FRA:EA1's Cash-to-Debt is ranked worse than
91.96% of 2576 companies
in the Metals & Mining industry
Industry Median: 20.47 vs FRA:EA1: 0.07

East Africa Metals Cash-to-Debt Historical Data

The historical data trend for East Africa 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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East Africa Metals Cash-to-Debt Chart

East Africa Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Mar24

Cash-to-Debt

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0.28

0.25

4.29

N/A

0.12

East Africa Metals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.05	0.12	0.43	0.11	0.07

Competitive Comparison of East Africa Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, East Africa 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.

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

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

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

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East Africa 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.

East Africa Metals's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	0.052	/	(0.454	+	0)
	=	0.11

East Africa Metals's Cash to Debt Ratio for the quarter that ended in Dec. 2024 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)
	=	0.032	/	(0.487	+	0)
	=	0.07

East Africa Metals (FRA:EA1) 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.

East Africa Metals Cash-to-Debt Related Terms

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East Africa Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » East Africa Metals Inc (FRA:EA1) » Definitions » Cash-to-Debt

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EAM:Canada

Address

777 Dunsmuir Street, 17th Floor, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.eastafricametals.com

East Africa Metals Inc is a mineral exploration company focused on the identification, acquisition, exploration, development, and sale of base and precious mineral resource properties in Ethiopia and Tanzania. The company's mineral properties consist of one project in Ethiopia, the Harvest Project, Adyabo Project, and one project in Tanzania, the Handeni and Other Properties. The geographical segments of the company include Canada, Tanzania, and Ethiopia. It has one reportable segment Exploration and Development of Mineral Properties.

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