Fidelity Minerals (FRA:S5G) Cash-to-Debt : 0.00 (As of Jan. 2024)

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What is Fidelity Minerals 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. Fidelity Minerals's cash to debt ratio for the quarter that ended in Jan. 2024 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, Fidelity Minerals couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

During the past 13 years, Fidelity Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.38.

FRA:S5G's Cash-to-Debt is not ranked ^*
in the Metals & Mining industry.
Industry Median: 18.37
* Ranked among companies with meaningful Cash-to-Debt only.

Fidelity Minerals Cash-to-Debt Historical Data

The historical data trend for Fidelity Minerals'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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Fidelity Minerals Cash-to-Debt Chart

Fidelity Minerals Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.64

0.38

No Debt

Fidelity Minerals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.82	0.37	-	-	-

Competitive Comparison of Fidelity Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Fidelity Minerals'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.

Fidelity Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Fidelity Minerals 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.

Fidelity Minerals's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	0.001	/	(0.249	+	0)
	=	0.00

Fidelity Minerals's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	0.001	/	(0.362	+	0)
	=	0.00

Fidelity Minerals (FRA:S5G) 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.

Fidelity Minerals Cash-to-Debt Related Terms

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Fidelity Minerals (FRA:S5G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fidelity Minerals Corp (FRA:S5G) » Definitions » Cash-to-Debt

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SAIDF:USA FMN:Canada

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.fidelityminerals.com

Fidelity Minerals Corp is a mineral exploration company focused on mining assets in Peru. The projects of the company include Las Huaquillas, Porphyritic Copper Project, Cerro El Bronce, and Greensands Project. The other projects of the company include Las Brujas and some projects in the pipeline. The Company operates in two operating segments in two countries, with corporate in Canada and exploration in Peru and Australia.

Fidelity Minerals (FRA:S5G) Headlines

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