Altair International (Altair International) Cash-to-Debt : 0.05 (As of Sep. 2023)

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What is Altair International 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. Altair International's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.05.

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, Altair International couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

ATAO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.17 Max: No Debt
Current: 0.05

During the past 11 years, Altair International's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.17.

ATAO's Cash-to-Debt is ranked worse than
93.63% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs ATAO: 0.05

Altair International Cash-to-Debt Historical Data

The historical data trend for Altair International'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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Altair International Cash-to-Debt Chart

Altair International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.31

0.20

0.47

Altair International Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.17	0.54	0.47	0.31	0.05

Competitive Comparison of Altair International's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Altair International'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.

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

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

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

Altair International 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.

Altair International's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.029	/	(0.062	+	0)
	=	0.47

Altair International's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.008	/	(0.159	+	0)
	=	0.05

Altair International (OTCPK:ATAO) 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.

Altair International Cash-to-Debt Related Terms

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

Altair International (Altair International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altair International Corp (OTCPK:ATAO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

322 North Shore Drive, Building 1B, Suite 200, Pittsburgh, PA, USA, 15212

Website

https://www.altairinternationalcorp.com

Altair International Corp is currently engaged in identifying and assessing new business opportunities. The company had Interests In the Lithium And Gold Mining Sectors. Its projects include Stonewall and Walker Ridge.

Executives

Leonard Lovallo	director, 10 percent owner, officer: President and CEO	322 NORTH SHORE DRIVE, BUILDING 1B, SUITE 200, PITTSBURGH PA 15212
Fourth Street Fund, Lp	10 percent owner	4047 ST GEORGES CT, DULUTH GA 30096
Erop Capital Llc	other: Owner of 9.9% of Issuer	912 HOLCOMB BRIDGE ROAD, STE 101, ROSWELL GA 30076
Alan M Smith	director, 10 percent owner, officer: President and CEO	1624 MARKET STREET, SUITE 202, DENVER CO 80202