Nickel Creek Platinum (Nickel Creek Platinum) Cash-to-Debt : 11.47 (As of Mar. 2024)

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What is Nickel Creek Platinum 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. Nickel Creek Platinum's cash to debt ratio for the quarter that ended in Mar. 2024 was 11.47.

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, Nickel Creek Platinum could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NCPCF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.71 Med: 28.24 Max: No Debt
Current: 11.32

During the past 13 years, Nickel Creek Platinum's highest Cash to Debt Ratio was No Debt. The lowest was 1.71. And the median was 28.24.

NCPCF's Cash-to-Debt is ranked worse than
53.44% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs NCPCF: 11.32

Nickel Creek Platinum Cash-to-Debt Historical Data

The historical data trend for Nickel Creek Platinum'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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Nickel Creek Platinum Cash-to-Debt Chart

Nickel Creek Platinum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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6.49

10.85

13.19

15.21

7.27

Nickel Creek Platinum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															10.52	23.35	21.76	7.27	11.47

Competitive Comparison of Nickel Creek Platinum's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Nickel Creek Platinum'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.

Nickel Creek Platinum's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nickel Creek Platinum's Cash-to-Debt falls into.

Nickel Creek Platinum 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.

Nickel Creek Platinum's Cash to Debt Ratio for the fiscal year 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)
	=	0.349	/	(0.019	+	0.029)
	=	7.27

Nickel Creek Platinum's Cash to Debt Ratio for the quarter 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)
	=	0.493	/	(0.019	+	0.024)
	=	11.47

Nickel Creek Platinum (OTCPK:NCPCF) 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.

Nickel Creek Platinum Cash-to-Debt Related Terms

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Nickel Creek Platinum (Nickel Creek Platinum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Creek Platinum Corp (OTCPK:NCPCF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NCP:Canada

Address

1700 - 666 Burrard Street, Vancouver, BC, CAN, V6C 2X8

Website

https://www.nickelcreekplatinum.com

Nickel Creek Platinum Corp is a Canadian involved in mining exploration, evaluation, and development of platinum group metal and nickel mineral properties. The company mainly operates through its Yukon Territory property in Canada. It generates majority of its revenue through the sale of its metals deposit, while it also engages in the acquisition, evaluation, research, and development of mining properties.