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First PhosphatePHOS +7.11%14 Cash-to-Debt is 19.37 as of May. 2026, which is 100% below its 10-year median of 10,000.00. GuruFocus rates PHOS with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 2,613 Metals & Mining companies, First Phosphate ranks worse than 53.62% 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. First Phosphate's cash to debt ratio for the quarter that ended in May. 2026 was 19.37.
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, First Phosphatecould pay off its debt using the cash in hand for the quarter that ended in May. 2026.
The historical rank and industry rank for First Phosphate's Cash-to-Debt or its related term are showing as below:
PHOS'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: No Debt Max: No Debt
Current: 19.37
During the past 13 years, First Phosphate's highest Cash to Debt Ratio was No Debt. The lowest was 0.44. And the median was No Debt.
PHOS's Cash-to-Debt is ranked worse than 53.62% of 2613
companies
in the Metals & Mining industry
Industry Median: 34.75
vs PHOS: 19.37
First Phosphate (NAS:PHOS) 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.
First Phosphate Cash-to-Debt Related Terms
First Phosphate Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for First Phosphate'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.
First Phosphate Cash-to-Debt Competitor Comparison
For the Other Industrial Metals & Mining subindustry, First Phosphate'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.
First Phosphate Cash-to-Debt vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Phosphate's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where First Phosphate'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.
First Phosphate (PHOS) has a Cash-to-Debt of 19.37 as of May. 2026. This is 100% below median its historical median of 10,000.00. Over the past decade, First Phosphate's Cash-to-Debt has ranged from 0.44 to 10,000.00. According to the industry distribution chart, First Phosphate ranks #1401 out of 2613 companies in the Metals & Mining industry, placing it in the top 53.6%.
Is First Phosphate's Cash-to-Debt too high?
First Phosphate's current Cash-to-Debt of 19.37 is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 10,000.00. The Metals & Mining industry median Cash-to-Debt is 34.75. First Phosphate's value of 19.37 is 44.3% below this industry median. Based on the distribution chart, First Phosphate ranks #1401 out of 2613 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, First Phosphate has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does First Phosphate's Cash-to-Debt compare to competitors?
According to the Metals & Mining industry distribution chart, First Phosphate ranks #1401 out of 2613 companies for Cash-to-Debt. This places First Phosphate in the lower half of its industry. The industry median Cash-to-Debt is 34.75. First Phosphate's value of 19.37 is 44.3% below this benchmark. Historically, First Phosphate's own Cash-to-Debt has ranged from 0.44 to 10,000.00 over the past decade. While the company's 10-year median is 10,000.00 vs. the industry median of 34.75, First Phosphate 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 34.75, based on 2,613 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. First Phosphate's current Cash-to-Debt of 19.37 is 44.3% 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 34.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Phosphate's current Cash-to-Debt is 19.37, which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Phosphate stock overvalued right now?
First Phosphate (PHOS) has a current Cash-to-Debt of 19.37. The current Cash-to-Debt is 19.37, which is 100% below median its 10-year median of 10,000.00 and 44.3% below the Metals & Mining industry median of 34.75. First Phosphate's overall GF Score™ is 14/100 with 2 warning signs to review. 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 First Phosphate (PHOS), the current Cash-to-Debt is 19.37 as of May. 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.
First Phosphate Corp owns and is developing igneous rock phosphate mineral properties in the Saguenay Region of Quebec for the production of phosphoric acid for the production of cathode active material for use in lithium iron phosphate (LPF) batteries for the electric vehicle industry.
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