Full Circle Lithium (TSXV:FCLI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2024)

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

TSXV:FCLI' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.88 Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Full Circle Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 3.88. And the median was No Debt.

TSXV:FCLI's Cash-to-Debt is ranked better than
99.96% of 2581 companies
in the Metals & Mining industry
Industry Median: 20.17 vs TSXV:FCLI: No Debt

Full Circle Lithium Cash-to-Debt Historical Data

The historical data trend for Full Circle Lithium'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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Full Circle Lithium Cash-to-Debt Chart

Full Circle Lithium Annual Data

Trend

Dec21

Oct22

Oct23

Cash-to-Debt

No Debt

4.86

3.88

Full Circle Lithium Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial									3.88	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Full Circle Lithium's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Full Circle Lithium'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.

Full Circle Lithium's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Full Circle Lithium's Cash-to-Debt falls into.

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Full Circle Lithium 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.

Full Circle Lithium's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	5.12	/	(0.66	+	0.66)
	=	3.88

Full Circle Lithium's Cash to Debt Ratio for the quarter that ended in Oct. 2024 is calculated as:

Full Circle Lithium had no debt ⁽¹⁾.

Full Circle Lithium (TSXV:FCLI) 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.

Full Circle Lithium Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Full Circle Lithium's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Full Circle Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Full Circle Lithium Corp (TSXV:FCLI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FCLIF:USA

Address

110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.fullcirclelithium.com

Full Circle Lithium Corp is a lithium processor focused on lithium and battery materials reintegration to meet the demand for crucial battery-grade raw materials, utilizing proprietary technology and know-how. Full Circle is focused on three complementary battery material processing divisions: battery recycling from end-of-life lithium-ion batteries, lithium feedstock recycling from industrial and chemical feedstock, and lithium refinery from upstream feedstock. The company operates in only one reportable segment, being the manufacture and sale of a lithium-ion battery fire extinguishing agent, FCL-X.

Executives

Carlos Ernesto Vicens	Senior Officer
Paul Fornazzari	Director

Full Circle Lithium Headlines

No Headlines

Full Circle Lithium (TSXV:FCLI) Cash-to-Debt : No Debt (1) (As of Oct. 2024)