Fortress Minerals (SGX:OAJ) Cash-to-Debt : 1.22 (As of Aug. 2024)

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What is Fortress Minerals 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. Fortress Minerals's cash to debt ratio for the quarter that ended in Aug. 2024 was 1.22.

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, Fortress Minerals could pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

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

SGX:OAJ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 1.42 Max: No Debt
Current: 1.22

During the past 9 years, Fortress Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.27. And the median was 1.42.

SGX:OAJ's Cash-to-Debt is ranked better than
71.63% of 624 companies
in the Steel industry
Industry Median: 0.38 vs SGX:OAJ: 1.22

Fortress Minerals Cash-to-Debt Historical Data

The historical data trend for Fortress Minerals'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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Fortress Minerals Cash-to-Debt Chart

Fortress Minerals Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cash-to-Debt

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16.61

3.56

0.28

0.46

0.96

Fortress Minerals Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24	May24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial															0.71	0.75	0.96	1.25	1.22

Competitive Comparison of Fortress Minerals's Cash-to-Debt

For the Steel subindustry, Fortress Minerals'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.

Fortress Minerals's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Fortress Minerals's Cash-to-Debt distribution charts can be found below:

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

Fortress Minerals 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.

Fortress Minerals's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	13.283	/	(11.04	+	2.856)
	=	0.96

Fortress Minerals's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	13.493	/	(7.828	+	3.242)
	=	1.22

Fortress Minerals (SGX:OAJ) 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.

Fortress Minerals Cash-to-Debt Related Terms

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Fortress Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fortress Minerals Ltd (SGX:OAJ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-1, Jalan PJS 8/18, Dataran Mentari, Petaling Jaya, SGR, MYS, 46150

Website

https://www.fortress.sg

Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in the exploration, mining, production, and sale of iron ore with low levels of impurities. It mines the iron ore from its East, Valley, and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from the sale of iron ore.

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