Falcon Metals (ASX:FAL) Cash-to-Debt : 104.76 (As of Dec. 2023)

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What is Falcon 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. Falcon Metals's cash to debt ratio for the quarter that ended in Dec. 2023 was 104.76.

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, Falcon Metals could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:FAL' s Cash-to-Debt Range Over the Past 10 Years
Min: 104.76 Med: 132.06 Max: No Debt
Current: 104.76

During the past 2 years, Falcon Metals's highest Cash to Debt Ratio was No Debt. The lowest was 104.76. And the median was 132.06.

ASX:FAL's Cash-to-Debt is ranked better than
60.08% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.77 vs ASX:FAL: 104.76

Falcon Metals Cash-to-Debt Historical Data

The historical data trend for Falcon 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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Falcon Metals Cash-to-Debt Chart

Falcon Metals Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

133.06

108.84

Falcon Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	133.06	132.06	108.84	104.76

Competitive Comparison of Falcon Metals's Cash-to-Debt

For the Gold subindustry, Falcon 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.

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

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

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

Falcon 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.

Falcon Metals's Cash to Debt Ratio for the fiscal year 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)
	=	17.305	/	(0.032	+	0.127)
	=	108.84

Falcon Metals's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	15.086	/	(0.034	+	0.11)
	=	104.76

Falcon Metals (ASX:FAL) 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.

Falcon Metals Cash-to-Debt Related Terms

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Falcon Metals (ASX:FAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Falcon Metals Ltd (ASX:FAL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FALFF:USA E47:Germany

Address

350 Collins Street, Suite 6, Level 6, PO Box 106, Flinders Lane, Melbourne, VIC, AUS, 8009

Website

https://www.falconmetals.com.au

Falcon Metals Ltd is a high-profile gold exploration specialist. Falcon's portfolio includes the Viking Project, Pyramid Hill Gold project, and the Mount Jackson Project.

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