Reflex Advanced Materials (XCNQ:RFLX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2023)

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What is Reflex Advanced Materials 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. Reflex Advanced Materials's cash to debt ratio for the quarter that ended in Oct. 2023 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, Reflex Advanced Materials could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

(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 Reflex Advanced Materials's Cash-to-Debt or its related term are showing as below:

XCNQ:RFLX' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 2 years, Reflex Advanced Materials's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:RFLX's Cash-to-Debt is ranked better than
99.92% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs XCNQ:RFLX: No Debt

Reflex Advanced Materials Cash-to-Debt Historical Data

The historical data trend for Reflex Advanced Materials'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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Reflex Advanced Materials Cash-to-Debt Chart

Reflex Advanced Materials Annual Data

Trend

Jan22

Jan23

Cash-to-Debt

No Debt

Reflex Advanced Materials Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Reflex Advanced Materials's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Reflex Advanced Materials'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.

Reflex Advanced Materials's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Reflex Advanced Materials's Cash-to-Debt falls into.

Reflex Advanced Materials 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.

Reflex Advanced Materials's Cash to Debt Ratio for the fiscal year that ended in Jan. 2023 is calculated as:

Reflex Advanced Materials had no debt ⁽¹⁾.

Reflex Advanced Materials's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

Reflex Advanced Materials had no debt ⁽¹⁾.

Reflex Advanced Materials (XCNQ:RFLX) 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.

Reflex Advanced Materials Cash-to-Debt Related Terms

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

Reflex Advanced Materials (XCNQ:RFLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Reflex Advanced Materials Corp (XCNQ:RFLX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RFLXF:USA HF2:Germany

Address

905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6

Website

https://www.reflexmaterials.com

Reflex Advanced Materials Corp is engaged in the business of mineral exploration in Canada. The company is working to advance its ZigZag Lake Lithium Property, located in Thunder Bay Mining Division, Crescent Lake Area, Ontario, Canada.

Executives

Dave Bowen

10% Security Holder, Deemed Insider - 6 Months before becoming Insider, Director, Senior Officer

Reflex Advanced Materials (XCNQ:RFLX) Headlines

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Reflex Advanced Materials (XCNQ:RFLX) Cash-to-Debt : No Debt (1) (As of Oct. 2023)