Arctic Fox Lithium (FRA:O5K) Cash-to-Debt : 2.85 (As of Dec. 2023)

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What is Arctic Fox Lithium 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. Arctic Fox Lithium's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.85.

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, Arctic Fox Lithium could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

FRA:O5K' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.19 Med: No Debt Max: No Debt
Current: 2.8

During the past 4 years, Arctic Fox Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 2.19. And the median was No Debt.

FRA:O5K's Cash-to-Debt is ranked worse than
60.72% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.77 vs FRA:O5K: 2.80

Arctic Fox Lithium Cash-to-Debt Historical Data

The historical data trend for Arctic Fox Lithium'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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Arctic Fox Lithium Cash-to-Debt Chart

Arctic Fox Lithium Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

149.00

No Debt

2.19

Arctic Fox Lithium Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										N/A	No Debt	2.19	5.86	2.85

Competitive Comparison of Arctic Fox Lithium's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Arctic Fox Lithium'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.

Arctic Fox Lithium's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Arctic Fox Lithium's Cash-to-Debt falls into.

Arctic Fox Lithium 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.

Arctic Fox Lithium's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.329	/	(0.15	+	0)
	=	2.19

Arctic Fox Lithium's Cash to Debt Ratio for the quarter 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)
	=	0.094	/	(0.033	+	0)
	=	2.85

Arctic Fox Lithium (FRA:O5K) 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.

Arctic Fox Lithium Cash-to-Debt Related Terms

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Arctic Fox Lithium (FRA:O5K) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arctic Fox Lithium Corp (FRA:O5K) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AFX:Canada

Address

1030 West Georgia Street, Suite 905, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.arcticfoxlithium.com

Arctic Fox Lithium Corp is a mineral exploration company. Its projects include Pontax North Lithium Project, Kana Lake Lithium Project, Delta Lake Lithium project and Spius copper property.

Arctic Fox Lithium (FRA:O5K) Headlines

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