Grit Metals (TSXV:FIN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2024)

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

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

During the past 4 years, Grit Metals's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:FIN's Cash-to-Debt is ranked better than
99.96% of 2581 companies
in the Metals & Mining industry
Industry Median: 20.95 vs TSXV:FIN: No Debt

Grit Metals Cash-to-Debt Historical Data

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

Grit Metals Annual Data

Trend

May21

May22

May23

May24

Cash-to-Debt

N/A

No Debt

Grit Metals Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, Grit 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.

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

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

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

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Grit 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.

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

Grit Metals had no debt ⁽¹⁾.

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

Grit Metals had no debt ⁽¹⁾.

Grit Metals (TSXV:FIN) 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.

Grit Metals Cash-to-Debt Related Terms

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

Grit Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grit Metals Corp (TSXV:FIN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EUEMF:USA K9T:Germany

Address

503 - 905 West Pender Street, Vancouver, BC, CAN, V6C 1L6

Website

https://www.europeanenergymetals.com

Grit Metals Corp is a junior mining company currently focussed on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy-independent laws and policies. Its key component is access to REE and, specifically, lithium. The company's exploration licenses are located within the Keliber mine and production complex, currently under construction and expected to begin production in H2 2025.

Executives

Luigi Gino Demichele	10% Security Holder, Director
Christos Doulis	Director

Grit Metals Headlines

No Headlines

Grit Metals (TSXV:FIN) Cash-to-Debt : No Debt (1) (As of Nov. 2024)