Eurobattery Minerals (NGM:BAT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Eurobattery Minerals 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. Eurobattery Minerals's cash to debt ratio for the quarter that ended in Mar. 2024 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, Eurobattery Minerals could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Eurobattery Minerals's Cash-to-Debt or its related term are showing as below:

NGM:BAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: No Debt Max: No Debt
Current: 0.05

During the past 7 years, Eurobattery Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was No Debt.

NGM:BAT's Cash-to-Debt is ranked worse than
93.15% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.37 vs NGM:BAT: 0.05

Eurobattery Minerals Cash-to-Debt Historical Data

The historical data trend for Eurobattery Minerals'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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Eurobattery Minerals Cash-to-Debt Chart

Eurobattery Minerals Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.02

0.03

Eurobattery Minerals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	0.03	No Debt

Competitive Comparison of Eurobattery Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Eurobattery Minerals'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.

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

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

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

Eurobattery Minerals 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.

Eurobattery Minerals's Cash to Debt Ratio for the fiscal year 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)
	=	0.458	/	(14.35	+	0)
	=	0.03

Eurobattery Minerals's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Eurobattery Minerals had no debt ⁽¹⁾.

Eurobattery Minerals (NGM:BAT) 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.

Eurobattery Minerals Cash-to-Debt Related Terms

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Eurobattery Minerals (NGM:BAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eurobattery Minerals (NGM:BAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EBM:Germany

Address

Strandvagen 7A, Stockholm, SWE, 114 56

Website

https://www.eurobatteryminerals.com

Eurobattery Minerals is a Swedish mining company. It has focused on the exploration and development of nickel-cobalt-copper projects in Europe to supply mined raw materials to the battery industry and electric vehicle market.

Eurobattery Minerals (NGM:BAT) Headlines

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Eurobattery Minerals (NGM:BAT) Cash-to-Debt : No Debt (1) (As of Mar. 2024)