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First Helium (TSXV:HELI) Cash-to-Debt : 1.81 (As of Dec. 2023)


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What is First Helium 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. First Helium's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.81.

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, First Helium 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 First Helium's Cash-to-Debt or its related term are showing as below:

TSXV:HELI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0   Med: 1.81   Max: No Debt
Current: 1.81

During the past 4 years, First Helium's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 1.81.

TSXV:HELI's Cash-to-Debt is ranked better than
65.95% of 1480 companies
in the Chemicals industry
Industry Median: 0.73 vs TSXV:HELI: 1.81

First Helium Cash-to-Debt Historical Data

The historical data trend for First Helium'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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First Helium Cash-to-Debt Chart

First Helium Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Cash-to-Debt
- 1.39 No Debt 1.17

First Helium Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.54 1.17 0.95 0.61 1.81

Competitive Comparison of First Helium's Cash-to-Debt

For the Chemicals subindustry, First Helium'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.


First Helium's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, First Helium's Cash-to-Debt distribution charts can be found below:

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



First Helium 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.

First Helium's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

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

* 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.


First Helium  (TSXV:HELI) 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.


First Helium Cash-to-Debt Related Terms

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


First Helium (TSXV:HELI) Business Description

Traded in Other Exchanges
Address
800 West Pender Street, Suite 550, Vancouver, BC, CAN, V6C 2V6
First Helium Inc is a Canadian company. The business is engaged in acquiring, exploring, evaluating, and developing helium property interests in Alberta. The company also produces Petroleum and natural gas as part of its operations. Its project includes the Worsley project and the Lethbridge project.

First Helium (TSXV:HELI) Headlines

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