Fredonia Mining (TSXV:FRED) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Fredonia 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. Fredonia Mining's cash to debt ratio for the quarter that ended in Dec. 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, Fredonia Mining could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Fredonia Mining's Cash-to-Debt or its related term are showing as below:

TSXV:FRED' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: No Debt Max: No Debt
Current: No Debt

During the past 4 years, Fredonia Mining's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was No Debt.

TSXV:FRED's Cash-to-Debt is ranked better than
99.92% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs TSXV:FRED: No Debt

Fredonia Mining Cash-to-Debt Historical Data

The historical data trend for Fredonia 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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Fredonia Mining Cash-to-Debt Chart

Fredonia Mining Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

0.10

265.38

No Debt

Fredonia Mining Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Other Precious Metals & Mining subindustry, Fredonia 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.

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

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

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

Fredonia 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.

Fredonia Mining's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Fredonia Mining had no debt ⁽¹⁾.

Fredonia Mining's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Fredonia Mining had no debt ⁽¹⁾.

Fredonia Mining (TSXV:FRED) 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.

Fredonia Mining Cash-to-Debt Related Terms

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

Fredonia Mining (TSXV:FRED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fredonia Mining Inc (TSXV:FRED) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Bay Street, Number 700, Toronto, ON, CAN, M5H 2S6

Website

https://www.fredoniamanagement.com

Fredonia Mining Inc is engaged in the exploration of precious metals in Argentina. Fredonia holds licenses over three areas in the Deseado including the flagship El Dorado Monserrat Project, EDM, as well as El Aguila, and Hornia. Fredonia has undertaken exploration drill programs on EDM and El Aguila with encouraging results. Hornia is an underexplored area but historic drilling indicates the realistic potential for further discoveries. El Aguila is interpreted as a failed caldera with significant gold mineralization encountered in the radial as well as ring structures.

Executives

Estanislao Ricardo Auriemma

Director, Senior Officer

Fredonia Mining (TSXV:FRED) Headlines

No Headlines

Fredonia Mining (TSXV:FRED) Cash-to-Debt : No Debt (1) (As of Dec. 2023)