Critical Elements Lithium (TSXV:CRE) Cash-to-Debt : 112.96 (As of Nov. 2023)

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What is Critical Elements Lithium 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. Critical Elements Lithium's cash to debt ratio for the quarter that ended in Nov. 2023 was 112.96.

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, Critical Elements Lithium could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

TSXV:CRE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 13.88 Max: No Debt
Current: 112.96

During the past 13 years, Critical Elements Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 13.88.

TSXV:CRE's Cash-to-Debt is ranked better than
60.32% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs TSXV:CRE: 112.96

Critical Elements Lithium Cash-to-Debt Historical Data

The historical data trend for Critical Elements Lithium'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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Critical Elements Lithium Cash-to-Debt Chart

Critical Elements Lithium Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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0.38

0.43

13.42

776.42

130.14

Critical Elements Lithium Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															879.03	277.59	140.09	130.14	112.96

Competitive Comparison of Critical Elements Lithium's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Critical Elements Lithium'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.

Critical Elements Lithium's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Critical Elements Lithium's Cash-to-Debt falls into.

Critical Elements Lithium 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.

Critical Elements Lithium's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	30.843	/	(0.045	+	0.192)
	=	130.14

Critical Elements Lithium's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	25.528	/	(0.046	+	0.18)
	=	112.96

Critical Elements Lithium (TSXV:CRE) 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.

Critical Elements Lithium Cash-to-Debt Related Terms

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

Critical Elements Lithium (TSXV:CRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Critical Elements Lithium Corp (TSXV:CRE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CRECF:USA F12:Germany

Address

80, De La Seigneurie Ouest West Boulevard, Bureau 201, Blainville, Montreal, QC, CAN, H2Z 1S8

Website

https://www.cecorp.ca

Critical Elements Lithium Corp is involved in the acquisition, exploration, and development of mining properties. It focuses on an exploration of rare earth metals, particularly lithium and Tantalum. The company's properties include Rose Lithium -Tantalum, Nisk, Arques, Bourier, Caumont, and Dumulon among others.

Critical Elements Lithium (TSXV:CRE) Headlines

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