Nova Pacific Metals (XCNQ:NVPC) Cash-to-Debt : 0.31 (As of Mar. 2024)

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What is Nova Pacific 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. Nova Pacific Metals's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.31.

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, Nova Pacific Metals couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 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 Nova Pacific Metals's Cash-to-Debt or its related term are showing as below:

XCNQ:NVPC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: No Debt Max: No Debt
Current: 0.31

During the past 3 years, Nova Pacific Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.31. And the median was No Debt.

XCNQ:NVPC's Cash-to-Debt is ranked worse than
80.68% of 2634 companies
in the Metals & Mining industry
Industry Median: 18.48 vs XCNQ:NVPC: 0.31

Nova Pacific Metals Cash-to-Debt Historical Data

The historical data trend for Nova Pacific 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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Nova Pacific Metals Cash-to-Debt Chart

Nova Pacific Metals Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

Nova Pacific Metals Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	0.67	0.53	0.31

Competitive Comparison of Nova Pacific Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Nova Pacific 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.

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

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

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

Nova Pacific 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.

Nova Pacific Metals's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Nova Pacific Metals had no debt ⁽¹⁾.

Nova Pacific 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)
	=	0.032	/	(0.104	+	0)
	=	0.31

Nova Pacific Metals (XCNQ:NVPC) 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.

Nova Pacific Metals Cash-to-Debt Related Terms

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Nova Pacific Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nova Pacific Metals Corp (XCNQ:NVPC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NVLIF:USA

Address

1110 Hamilton Street, Suite 306, Vancouver, BC, CAN, V6B 2S2

Website

https://www.novalithiumcorp.com

Nova Lithium Corp is engaged in the exploration and evaluation of resource properties. The company is predominantly engaged in the acquisition, exploration and development of lithium brine and lithium clay properties. It holds 100% interest in Deer Musk West Project.

Nova Pacific Metals Headlines

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