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Black Iron (LTS:0ULQ) Cash-to-Debt : No Debt (1) (As of Sep. 2024)


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What is Black Iron 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. Black Iron's cash to debt ratio for the quarter that ended in Sep. 2024 was No Debt (1).

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, Black Iron could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

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

LTS:0ULQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.42   Med: No Debt   Max: No Debt
Current: No Debt

During the past 13 years, Black Iron's highest Cash to Debt Ratio was No Debt. The lowest was 2.42. And the median was No Debt.

LTS:0ULQ's Cash-to-Debt is ranked better than
99.96% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs LTS:0ULQ: No Debt

Black Iron Cash-to-Debt Historical Data

The historical data trend for Black Iron'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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Black Iron Cash-to-Debt Chart

Black Iron Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.71 13.68 No Debt No Debt No Debt

Black Iron Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Black Iron's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Black Iron'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.


Black Iron's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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



Black Iron 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.

Black Iron's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Black Iron had no debt (1).

Black Iron's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Black Iron had no debt (1).

* 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.


Black Iron  (LTS:0ULQ) 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.


Black Iron Cash-to-Debt Related Terms

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


Black Iron Business Description

Traded in Other Exchanges
Address
198 Davenport Road, Toronto, ON, CAN, M5R 1J2
Black Iron Inc isan iron ore exploration and development company with its project located in theDnipropetrovsk region of Ukraine. The Company holds a interest in a mining permit that covers an area of approximately 2.56 square kilometers and comprises the Shymanivske Project through Shymanivske Steel.

Black Iron Headlines

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