OPHRF (Ophir Metals) Cash-to-Debt : No Debt ⁽¹⁾ (As of Aug. 2024)

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What is Ophir Metals 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. Ophir Metals's cash to debt ratio for the quarter that ended in Aug. 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, Ophir Metals could pay off its debt using the cash in hand for the quarter that ended in Aug. 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 Ophir Metals's Cash-to-Debt or its related term are showing as below:

OPHRF' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

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

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

Ophir Metals Cash-to-Debt Historical Data

The historical data trend for Ophir Metals'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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Ophir Metals Cash-to-Debt Chart

Ophir Metals Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

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May24

Cash-to-Debt

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No Debt

Ophir Metals Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Ophir Metals's Cash-to-Debt

For the Gold subindustry, Ophir Metals'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.

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

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

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

Ophir Metals 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.

Ophir Metals's Cash to Debt Ratio for the fiscal year that ended in May. 2024 is calculated as:

Ophir Metals had no debt ⁽¹⁾.

Ophir Metals's Cash to Debt Ratio for the quarter that ended in Aug. 2024 is calculated as:

Ophir Metals had no debt ⁽¹⁾.

Ophir Metals (OTCPK:OPHRF) 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.

Ophir Metals Cash-to-Debt Related Terms

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Ophir Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ophir Metals Corp (OTCPK:OPHRF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

W0J:Germany OPHR:Canada

Address

595 Howe Street, Suite 206, Vancouver, BC, CAN, V6C 2T5

Website

https://www.ophirmetals.com

Ophir Metals Corp is a diversified mineral exploration company focused on the exploration and development of the Radis and Pilipas Lithium Properties in James Bay, Quebec, and the past-producing Breccia gold property located in Lemhi County, Idaho.