Ucore Rare Metals (TSXV:UCU) Cash-to-Debt : 0.02 (As of Sep. 2024)

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What is Ucore Rare 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. Ucore Rare Metals's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.02.

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, Ucore Rare Metals couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSXV:UCU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.72 Max: No Debt
Current: 0.02

During the past 13 years, Ucore Rare Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.72.

TSXV:UCU's Cash-to-Debt is ranked worse than
96.23% of 2575 companies
in the Metals & Mining industry
Industry Median: 17.68 vs TSXV:UCU: 0.02

Ucore Rare Metals Cash-to-Debt Historical Data

The historical data trend for Ucore Rare 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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Ucore Rare Metals Cash-to-Debt Chart

Ucore Rare Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.34

0.23

1.33

0.64

0.03

Ucore Rare Metals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.03	0.03	0.05	0.02

Competitive Comparison of Ucore Rare Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Ucore Rare 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.

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

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

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

Ucore Rare 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.

Ucore Rare 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)
	=	0.248	/	(4.237	+	4.281)
	=	0.03

Ucore Rare Metals's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.364	/	(0.19	+	14.892)
	=	0.02

Ucore Rare Metals (TSXV:UCU) 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.

Ucore Rare Metals Cash-to-Debt Related Terms

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

Ucore Rare Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ucore Rare Metals Inc (TSXV:UCU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

UURAF:USA U9UA:Germany

Address

210 Waterfront Drive, Suite 106, Halifax, NS, CAN, B4A 0H3

Website

https://www.ucore.com

Ucore Rare Metals Inc is engaged in REE resource development and in commercializing, Innovation Metals Corp.'s (its wholly-owned subsidiary) critical metals separation technology, RapidSX, for the mining/metals extraction industry guided by the principles of ESG. The company provides separation and mining services. The firm is also developing its Bokan Mountain HREE resource located near Ketchikan.

Executives

Peter Manuel	Senior Officer
Tyler Wayne Paul Dinwoodie	Senior Officer
Randy T. Johnson	10% Security Holder
Llc Orca Holdings	10% Security Holder
Steven Harold Meister	Director

Ucore Rare Metals Headlines

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