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Fortuna MiningFSM -0.42%92 Cash-to-Debt is 3.23 as of Mar. 2026, which is 271% above its 10-year median of 0.87. GuruFocus rates FSM with a GF Score™ of 92/100 and a GF Value™ of $6.81 (Significantly Overvalued). Among 2,623 Metals & Mining companies, Fortuna Mining ranks worse than 65% on this metric.
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. Fortuna Mining's cash to debt ratio for the quarter that ended in Mar. 2026 was 3.23.
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, Fortuna Miningcould pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Fortuna Mining's Cash-to-Debt or its related term are showing as below:
FSM'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 0.87 Max: 5.45
Current: 3.23
During the past 13 years, Fortuna Mining's highest Cash to Debt Ratio was 5.45. The lowest was 0.28. And the median was 0.87.
FSM's Cash-to-Debt is ranked worse than 65% of 2623
companies
in the Metals & Mining industry
Industry Median: 33.9
vs FSM: 3.23
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.
Fortuna Mining Cash-to-Debt Related Terms
Fortuna Mining Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Fortuna Mining'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.
For the Gold subindustry, Fortuna Mining'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.
Fortuna Mining Cash-to-Debt vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortuna Mining's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Fortuna Mining's Cash-to-Debt falls into.
* 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.
Fortuna Mining (FSM) has a Cash-to-Debt of 3.23 as of Mar. 2026. This is 271% above median its historical median of 0.87. Over the past decade, Fortuna Mining's Cash-to-Debt has ranged from 0.28 to 5.45. According to the industry distribution chart, Fortuna Mining ranks #1705 out of 2623 companies in the Metals & Mining industry, placing it in the top 65%.
Is Fortuna Mining's Cash-to-Debt too high?
Fortuna Mining's current Cash-to-Debt of 3.23 is 271% above median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 5.45. The Metals & Mining industry median Cash-to-Debt is 33.90. Fortuna Mining's value of 3.23 is 90.5% below this industry median. Based on the distribution chart, Fortuna Mining ranks #1705 out of 2623 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Fortuna Mining has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortuna Mining's Cash-to-Debt compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Fortuna Mining ranks #1705 out of 2623 companies for Cash-to-Debt. This places Fortuna Mining in the lower half of its industry. The industry median Cash-to-Debt is 33.90. Fortuna Mining's value of 3.23 is 90.5% below this benchmark. Historically, Fortuna Mining's own Cash-to-Debt has ranged from 0.28 to 5.45 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 33.90, Fortuna Mining has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Metals & Mining company?
The median Cash-to-Debt among Metals & Mining companies is 33.90, based on 2,623 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortuna Mining's current Cash-to-Debt of 3.23 is 90.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Metals & Mining industry, the median Cash-to-Debt is 33.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortuna Mining's current Cash-to-Debt is 3.23, which is 271% above median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortuna Mining stock overvalued right now?
Based on GuruFocus' analysis, Fortuna Mining (FSM) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.81, compared to a current price of $9.56 — trading 40.4% above its estimated fair value. The current Cash-to-Debt is 3.23, which is 271% above median its 10-year median of 0.87 and 90.5% below the Metals & Mining industry median of 33.90. Fortuna Mining's overall GF Score™ is 92/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Fortuna Mining (FSM), the current Cash-to-Debt is 3.23 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fortuna Mining (FSM) Overvalued in 2026?
Based on GuruFocus' analysis, Fortuna Mining stock appears to be overvalued.
The current stock price of $9.56 is trading 40.4% above its estimated GF Value™ of $6.81.
GuruFocus considers Fortuna Mining to be Significantly Overvalued.
Key valuation signals for FSM:
Cash-to-Debt: 3.23 (271% above median its 10-year median of 0.87)
GF Value™: $6.81 vs. price of $9.56 (40.4% above fair value)
Industry Position: 90.5% below the Metals & Mining median (#1705 of 2623)
No single metric tells the full story. See the FSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'voire, Mexico, and Peru. The company's segment consists of Mansfield, Sango, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d' Ivoire location.
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