Fireweed Metals (TSXV:FWZ) Cash-to-Debt : 24.12 (As of Dec. 2023)

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What is Fireweed 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. Fireweed Metals's cash to debt ratio for the quarter that ended in Dec. 2023 was 24.12.

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, Fireweed Metals could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:FWZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 24.12 Med: 600.83 Max: No Debt
Current: 24.12

During the past 8 years, Fireweed Metals's highest Cash to Debt Ratio was No Debt. The lowest was 24.12. And the median was 600.83.

TSXV:FWZ's Cash-to-Debt is ranked better than
51.98% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:FWZ: 24.12

Fireweed Metals Cash-to-Debt Historical Data

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

Fireweed Metals Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

56.60

204.50

997.15

24.12

Fireweed Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															997.15	928.75	25.60	33.08	24.12

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

For the Other Industrial Metals & Mining subindustry, Fireweed 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.

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

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

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

Fireweed 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.

Fireweed Metals'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)
	=	19.224	/	(0.483	+	0.314)
	=	24.12

Fireweed Metals's Cash to Debt Ratio for the quarter 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)
	=	19.224	/	(0.483	+	0.314)
	=	24.12

Fireweed Metals (TSXV:FWZ) 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.

Fireweed Metals Cash-to-Debt Related Terms

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

Fireweed Metals (TSXV:FWZ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FWEDF:USA M0G:Germany

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.fireweedmetals.com

Fireweed Metals Corp is a mineral exploration and development company engaged in the acquisition and exploration of mineral assets in Canada. The Company had three projects in northern Canada, the Macmillan Pass Project (Yukon), the Mactung Project (Yukon/NWT), and the Gayna River Zinc Project (NWT).

Executives

Adrian Rothwell	Director
Peter Timothy Hemstead	Director
Kelly Bateman	Senior Officer

Fireweed Metals (TSXV:FWZ) Headlines

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