Silver Bullet Mines (TSXV:SBMI) Cash-to-Debt : 0.05 (As of Dec. 2023)

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What is Silver Bullet Mines 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. Silver Bullet Mines's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.05.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Silver Bullet Mines couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:SBMI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.29 Max: 12
Current: 0.05

During the past 4 years, Silver Bullet Mines's highest Cash to Debt Ratio was 12.00. The lowest was 0.01. And the median was 0.29.

TSXV:SBMI's Cash-to-Debt is ranked worse than
93.11% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:SBMI: 0.05

Silver Bullet Mines Cash-to-Debt Historical Data

The historical data trend for Silver Bullet Mines'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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Silver Bullet Mines Cash-to-Debt Chart

Silver Bullet Mines Annual Data

Trend

Nov20

Jun21

Jun22

Jun23

Cash-to-Debt

0.29

15.24

1.04

0.01

Silver Bullet Mines Quarterly Data
	Nov20	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							0.40	0.02	0.01	0.06	0.05

Competitive Comparison of Silver Bullet Mines's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Silver Bullet Mines'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.

Silver Bullet Mines's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Silver Bullet Mines's Cash-to-Debt falls into.

Silver Bullet Mines 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.

Silver Bullet Mines'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)
	=	0.008	/	(1.21	+	0)
	=	0.01

Silver Bullet Mines'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)
	=	0.063	/	(1.255	+	0.159)
	=	0.04

Silver Bullet Mines (TSXV:SBMI) 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.

Silver Bullet Mines Cash-to-Debt Related Terms

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

Silver Bullet Mines (TSXV:SBMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Bullet Mines Corp (TSXV:SBMI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SBMCF:USA

Address

3310 South Service Road, Suite 200, Burlington, ON, CAN, L7N 3M6

Website

https://www.silverbulletmines.com

Silver Bullet Mines Corp is engaged in the acquisition, exploration, development, and extraction of natural resources, specifically precious metals in Arizona, Idaho, and Nevada. The Company has exploration and evaluation properties located in two geographical areas, Canada and the United States of America. The projects of the company are Buckeye, McMorris, and Silver Sevens Mines, Arizona; Lone Mountain and Ophir Canyon Projects -Nevada -Gold; Washington Silver and Gold Mine, Idaho and Black Copper and Richmond (Richman) Basin Deposits -Arizona -Copper.

Executives

John Carter

10% Security Holder, Director, Senior Officer

Silver Bullet Mines (TSXV:SBMI) Headlines

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