Battery Mineral Resources (TSXV:BMR) Cash-to-Debt : 0.22 (As of Mar. 2024)

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What is Battery Mineral Resources 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. Battery Mineral Resources's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.22.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Battery Mineral Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSXV:BMR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.46 Max: No Debt
Current: 0.22

During the past 5 years, Battery Mineral Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.46.

TSXV:BMR's Cash-to-Debt is ranked worse than
83.58% of 2650 companies
in the Metals & Mining industry
Industry Median: 17.81 vs TSXV:BMR: 0.22

Battery Mineral Resources Cash-to-Debt Historical Data

The historical data trend for Battery Mineral Resources'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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Battery Mineral Resources Cash-to-Debt Chart

Battery Mineral Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.56

0.25

0.03

Battery Mineral Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												0.25	0.10	0.04	0.03	0.22

Competitive Comparison of Battery Mineral Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Battery Mineral Resources'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.

Battery Mineral Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Battery Mineral Resources's Cash-to-Debt falls into.

Battery Mineral Resources 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.

Battery Mineral Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
	=	0.888	/	(1.055	+	27.732)
	=	0.03

Battery Mineral Resources's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	7.673	/	(1.45	+	34.118)
	=	0.22

Battery Mineral Resources (TSXV:BMR) 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.

Battery Mineral Resources Cash-to-Debt Related Terms

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Battery Mineral Resources (TSXV:BMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Battery Mineral Resources Corp (TSXV:BMR) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

BTRMF:USA

Address

1040 West Georgia Street, Suite 1900, Vancouver, BC, CAN, V6E 4H3

Website

https://www.bmrcorp.com

Battery Mineral Resources Corp is a multi-commodity resource company. It holds resource interests including copper, cobalt, lithium, and graphite properties. The company is engaged in the discovery, acquisition and development of battery metals and precious metals mining projects in Canada with additional cobalt, lithium and graphite projects in the United States and South Korea.

Executives