District Metals (STU:DFPP) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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

STU:DFPP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, District Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was No Debt.

STU:DFPP's Cash-to-Debt is ranked better than
99.96% of 2593 companies
in the Metals & Mining industry
Industry Median: 17.79 vs STU:DFPP: No Debt

District Metals Cash-to-Debt Historical Data

The historical data trend for District 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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District Metals Cash-to-Debt Chart

District Metals Annual Data

Trend

Jun15

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Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

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Jun24

Cash-to-Debt

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No Debt

District Metals 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															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, District 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.

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

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

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

District 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.

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

District Metals had no debt ⁽¹⁾.

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

District Metals had no debt ⁽¹⁾.

District Metals (STU:DFPP) 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.

District Metals Cash-to-Debt Related Terms

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District Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » District Metals Corp (STU:DFPP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DMXCF:USA DFPP:Germany DMX:Canada

Address

907 - 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.districtmetals.com

District Metals Corp is a Canada-based mineral exploration company that is engaged in the business of acquiring, exploring, and evaluating natural resource properties. The company's main focus is the polymetallic Tomtebo Property located between the Falun Mine and Boliden's Garpenberg Mine. It holds interest in various other properties such as the Gruvberget Property, located in Sweden, the Bakar Property located on the northwest of Vancouver Island, Viken, Ardnasvarre, Alum Shale, Sagtjarn, and the Nianfors property in Sweden. The company has two reportable operating segments, which are acquisition and exploration and evaluation activities in Canada and Sweden.

District Metals Headlines

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District Metals (STU:DFPP) Cash-to-Debt : No Debt (1) (As of Sep. 2024)