Clean Air Metals (Clean Air Metals) Cash-to-Debt : 566.44 (As of Oct. 2023)

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What is Clean Air 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. Clean Air Metals's cash to debt ratio for the quarter that ended in Oct. 2023 was 566.44.

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, Clean Air Metals could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

CLRMF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 3.76 Max: 705
Current: 582.58

During the past 5 years, Clean Air Metals's highest Cash to Debt Ratio was 705.00. The lowest was 0.21. And the median was 3.76.

CLRMF's Cash-to-Debt is ranked better than
64.48% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.37 vs CLRMF: 582.58

Clean Air Metals Cash-to-Debt Historical Data

The historical data trend for Clean Air 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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Clean Air Metals Cash-to-Debt Chart

Clean Air Metals Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Cash-to-Debt

530.00

6.16

1.81

0.21

269.42

Clean Air Metals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															0.79	269.42	492.07	519.58	566.44

Competitive Comparison of Clean Air Metals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Clean Air 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.

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

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

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

Clean Air 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.

Clean Air Metals's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	5.119	/	(0.01	+	0.009)
	=	269.42

Clean Air Metals's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	5.098	/	(0.005	+	0.004)
	=	566.44

Clean Air Metals (OTCPK:CLRMF) 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.

Clean Air Metals Cash-to-Debt Related Terms

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Clean Air Metals (Clean Air Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Clean Air Metals Inc (OTCPK:CLRMF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

AIR:Canada

Address

100 King Street West, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.cleanairmetals.ca

Clean Air Metals Inc is engaged in mineral exploration and evaluation. The projects of the company include Thunder Bay North Property, Located approximately 50km northeast of the city of Thunder Bay, within the Thunder Bay Mining Division, in Ontario, Canada and Triple Flag Net Smelter Royalty.