Nio Strategic Metals (TSXV:NIO) Cash-to-Debt : 2.41 (As of Mar. 2024)

View and export this data going back to 1999. Start your Free Trial

What is Nio Strategic 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. Nio Strategic Metals's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.41.

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, Nio Strategic Metals could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSXV:NIO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.09 Max: 3.32
Current: 2.41

During the past 13 years, Nio Strategic Metals's highest Cash to Debt Ratio was 3.32. The lowest was 0.00. And the median was 0.09.

TSXV:NIO's Cash-to-Debt is ranked worse than
61.77% of 2650 companies
in the Metals & Mining industry
Industry Median: 17.81 vs TSXV:NIO: 2.41

Nio Strategic Metals Cash-to-Debt Historical Data

The historical data trend for Nio Strategic 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.

* Premium members only.

Nio Strategic Metals Cash-to-Debt Chart

Nio Strategic Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.01

0.67

3.09

2.61

Nio Strategic Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.54	0.39	0.54	2.61	2.41

Competitive Comparison of Nio Strategic Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Nio Strategic 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.

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

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

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

Nio Strategic 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.

Nio Strategic 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)
	=	1.304	/	(0.5	+	0)
	=	2.61

Nio Strategic Metals'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)
	=	1.203	/	(0.5	+	0)
	=	2.41

Nio Strategic Metals (TSXV:NIO) 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.

Nio Strategic Metals Cash-to-Debt Related Terms

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

Nio Strategic Metals (TSXV:NIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nio Strategic Metals Inc (TSXV:NIO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NIOCF:USA

Address

1, Place Ville-Marie, Suite 1670, Montreal, QC, CAN, H3B 2B6

Website

https://www.niostratmet.com

Nio Strategic Metals Inc is a development-stage exploration company based in Canada. The principal business activity of the company is mineral exploration and development properties in the province of Quebec. It owns an interest in Oka Niobium Project and Great Whale Iron Project.

Executives