PolyMet Mining (PolyMet Mining) Cash-to-Debt : 99.91 (As of Jun. 2023)

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What is PolyMet Mining 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. PolyMet Mining's cash to debt ratio for the quarter that ended in Jun. 2023 was 99.91.

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, PolyMet Mining could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

PLM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.13 Max: 100.09
Current: 100.09

During the past 13 years, PolyMet Mining's highest Cash to Debt Ratio was 100.09. The lowest was 0.02. And the median was 0.13.

PLM's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 18.42 vs PLM: 100.09

PolyMet Mining Cash-to-Debt Historical Data

The historical data trend for PolyMet Mining'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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PolyMet Mining Cash-to-Debt Chart

PolyMet Mining Annual Data

Trend

Jan13

Jan14

Jan15

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.06

0.46

0.10

0.06

0.12

PolyMet Mining Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.11	0.12	0.10	99.91

Competitive Comparison of PolyMet Mining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, PolyMet Mining'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.

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

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

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

PolyMet Mining 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.

PolyMet Mining's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	11.046	/	(94.518	+	0.205)
	=	0.12

PolyMet Mining's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	14.087	/	(0.067	+	0.074)
	=	99.91

PolyMet Mining (AMEX:PLM) 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.

PolyMet Mining Cash-to-Debt Related Terms

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PolyMet Mining (PolyMet Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PolyMet Mining Corp (AMEX:PLM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

444 Cedar Street, Suite 2060, St. Paul, MN, USA, 55101

Website

https://www.polymetmining.com

PolyMet Mining Corp is engaged in the exploration and development of natural resource properties. The company's primary mineral property is the NorthMet Project, which is a polymetallic project in northeastern Minnesota, USA. The NorthMet Project comprises two key elements: the NorthMet deposit (or Mine Site) and the Erie Plant. The company ultimately plans to produce metals such as copper, nickel, cobalt, gold, silver, and platinum.