NICLF (Class 1 Nickel and Technologies) Cash-to-Debt : 0.17 (As of Sep. 2024)

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What is Class 1 Nickel and Technologies 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. Class 1 Nickel and Technologies's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.17.

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, Class 1 Nickel and Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Class 1 Nickel and Technologies's Cash-to-Debt or its related term are showing as below:

NICLF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 27.55 Max: No Debt
Current: 0.17

During the past 5 years, Class 1 Nickel and Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 27.55.

NICLF's Cash-to-Debt is ranked worse than
85.76% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs NICLF: 0.17

Class 1 Nickel and Technologies Cash-to-Debt Historical Data

The historical data trend for Class 1 Nickel and Technologies'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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Class 1 Nickel and Technologies Cash-to-Debt Chart

Class 1 Nickel and Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.10

0.04

Class 1 Nickel and Technologies 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															0.24	0.04	0.02	0.36	0.17

Competitive Comparison of Class 1 Nickel and Technologies's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Class 1 Nickel and Technologies'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.

Class 1 Nickel and Technologies's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Class 1 Nickel and Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Class 1 Nickel and Technologies's Cash-to-Debt falls into.

Class 1 Nickel and Technologies 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.

Class 1 Nickel and Technologies'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)
	=	0.061	/	(0	+	1.472)
	=	0.04

Class 1 Nickel and Technologies's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.227	/	(0	+	1.322)
	=	0.17

Class 1 Nickel and Technologies (OTCPK:NICLF) 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.

Class 1 Nickel and Technologies Cash-to-Debt Related Terms

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Class 1 Nickel and Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Class 1 Nickel and Technologies Ltd (OTCPK:NICLF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

77C:Germany NICO:Canada

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.class1nickel.com

Class 1 Nickel and Technologies Ltd is engaged in the business of mineral exploration and development of minerals and base metals in Canada. The company operates two high-grade past-producing nickel sulphide projects in Tier 1 mining camps, including the Alexo-Dundonald Project with existing NI43-101 Compliant Mineral Resources with majority resource growth and near-term mining potential.

Class 1 Nickel and Technologies Headlines

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