Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
SPC NickelSPCNF Cash-to-Debt is 45.33 as of May. 2026, which is 38% above its 10-year median of 32.86. Among 2,631 Metals & Mining companies, SPC Nickel ranks better than 50.89% 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. SPC Nickel's cash to debt ratio for the quarter that ended in May. 2026 was 45.33.
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, SPC Nickelcould pay off its debt using the cash in hand for the quarter that ended in May. 2026.
The historical rank and industry rank for SPC Nickel's Cash-to-Debt or its related term are showing as below:
SPCNF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 14.75 Med: 32.86 Max: No Debt
Current: 44.26
During the past 6 years, SPC Nickel's highest Cash to Debt Ratio was No Debt. The lowest was 14.75. And the median was 32.86.
SPCNF's Cash-to-Debt is ranked better than 50.89% of 2631
companies
in the Metals & Mining industry
Industry Median: 38.11
vs SPCNF: 44.26
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.
SPC Nickel Cash-to-Debt Related Terms
SPC Nickel Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for SPC Nickel'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.
For the Other Industrial Metals & Mining subindustry, SPC Nickel'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.
SPC Nickel Cash-to-Debt vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, SPC Nickel's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where SPC Nickel'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.
SPC Nickel (SPCNF) has a Cash-to-Debt of 45.33 as of May. 2026. This is 38% above median its historical median of 32.86. Over the past decade, SPC Nickel's Cash-to-Debt has ranged from 14.75 to 10,000.00. According to the industry distribution chart, SPC Nickel ranks #1292 out of 2631 companies in the Metals & Mining industry, placing it in the top 49.1%.
Is SPC Nickel's Cash-to-Debt too high?
SPC Nickel's current Cash-to-Debt of 45.33 is 38% above median its 10-year median of 32.86. Over the past 10 years, this metric has ranged from a low of 14.75 to a high of 10,000.00. The Metals & Mining industry median Cash-to-Debt is 38.11. SPC Nickel's value of 45.33 is 18.9% above this industry median. Based on the distribution chart, SPC Nickel ranks #1292 out of 2631 companies in the Metals & Mining industry, which is above the industry midpoint.
How does SPC Nickel's Cash-to-Debt compare to competitors?
According to the Metals & Mining industry distribution chart, SPC Nickel ranks #1292 out of 2631 companies for Cash-to-Debt. This puts SPC Nickel in the upper half of its industry. The industry median Cash-to-Debt is 38.11. SPC Nickel's value of 45.33 is 18.9% above this benchmark. Historically, SPC Nickel's own Cash-to-Debt has ranged from 14.75 to 10,000.00 over the past decade. While the company's 10-year median is 32.86 vs. the industry median of 38.11, SPC Nickel has consistently been above 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 38.11, based on 2,631 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. SPC Nickel's current Cash-to-Debt of 45.33 is 18.9% above 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 38.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPC Nickel's current Cash-to-Debt is 45.33, which is 38% above median its own 10-year median of 32.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPC Nickel stock overvalued right now?
SPC Nickel (SPCNF) has a current Cash-to-Debt of 45.33. The current Cash-to-Debt is 45.33, which is 38% above median its 10-year median of 32.86 and 18.9% above the Metals & Mining industry median of 38.11. 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 SPC Nickel (SPCNF), the current Cash-to-Debt is 45.33 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.
SPC Nickel Corp is a junior mining exploration company engaged in the acquisition, exploration, and development of mineral properties located in Canada. The company is focused on exploring for high-grade polymetallic Cu-Ni-PGM mineralization in Nunavut and within the world-class Sudbury Mining Camp. It is currently exploring its district-scale polymetallic Muskox Project in Nunavut. Its projects include the Muskox Project, Nunavut, Canada; the Lockerby East Property, Ontario, Canada; the Owen Nickel Property; the Janes Property; and the Aer-Kidd Project, Ontario, Canada.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SPCNF has been successfully added to your 
