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Vital Battery Metals (XCNQ:VBAM) Cash-to-Debt : No Debt (1) (As of Nov. 2023)


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What is Vital Battery 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. Vital Battery Metals's cash to debt ratio for the quarter that ended in Nov. 2023 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, Vital Battery Metals could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

(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 Vital Battery Metals's Cash-to-Debt or its related term are showing as below:

XCNQ:VBAM' 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 2 years, Vital Battery Metals's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:VBAM's Cash-to-Debt is ranked better than
99.96% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs XCNQ:VBAM: No Debt

Vital Battery Metals Cash-to-Debt Historical Data

The historical data trend for Vital Battery 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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Vital Battery Metals Cash-to-Debt Chart

Vital Battery Metals Annual Data
Trend Feb22 Feb23
Cash-to-Debt
No Debt No Debt

Vital Battery Metals Quarterly Data
Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Cash-to-Debt Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Vital Battery Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Vital Battery 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.

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

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

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


Vital Battery 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.

Vital Battery Metals's Cash to Debt Ratio for the fiscal year that ended in Feb. 2023 is calculated as:

Vital Battery Metals had no debt (1).

Vital Battery Metals's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Vital Battery Metals had no debt (1).

* 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.

Vital Battery Metals  (XCNQ:VBAM) 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.

Vital Battery Metals Cash-to-Debt Related Terms

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

Vital Battery Metals (XCNQ:VBAM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vital Battery Metals Inc (XCNQ:VBAM) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
VBAMF:USA C0O:Germany
Address
838 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6
Website
https://www.vitalbatterymetals.com
Vital Battery Metals Inc is a mineral exploration company dedicated to the development of projects comprising of battery, base and precious metals. The company is working to advance its Vent Copper-Gold project in British Columbia.
Executives
Mandeep Parmar Director

Vital Battery Metals (XCNQ:VBAM) Headlines

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