Volta Metals (XCNQ:VLTA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Volta 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. Volta Metals's cash to debt ratio for the quarter that ended in Dec. 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, Volta Metals could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Volta Metals's Cash-to-Debt or its related term are showing as below:

XCNQ:VLTA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 5000.11 Max: No Debt
Current: 3.81

During the past 2 years, Volta Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.21. And the median was 5000.11.

XCNQ:VLTA's Cash-to-Debt is ranked worse than
59.64% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.42 vs XCNQ:VLTA: 3.81

Volta Metals Cash-to-Debt Historical Data

The historical data trend for Volta 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.

* Premium members only.

Volta Metals Cash-to-Debt Chart

Volta Metals Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

0.21

No Debt

Volta Metals Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.21	0.22	No Debt	No Debt	No Debt

Competitive Comparison of Volta Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Volta 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.

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

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

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

Volta 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.

Volta Metals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Volta Metals had no debt ⁽¹⁾.

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

Volta Metals had no debt ⁽¹⁾.

Volta Metals (XCNQ:VLTA) 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.

Volta Metals Cash-to-Debt Related Terms

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

Volta Metals (XCNQ:VLTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volta Metals Ltd (XCNQ:VLTA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

D0W:Germany

Address

390 Bay Street, Suite 700a, Toronto, ON, CAN, M5H 2Y2

Website

https://www.voltametals.ca

Volta Metals Ltd is a mineral exploration company focused on lithium, cesium and tantalum exploration in Canada, and led by a group of mining professionals. It is currently exploring a critical minerals portfolio of lithium, cesium and tantalum projects in northwestern Ontario, which is considered to be one of the more prolific emerging hard-rock lithium districts globally. The company's projects include Flacon west project, Root Project, White Lights Project, Kim Lake & Store Lake Project, Junior Lake Project, and Crescent Lake Project.

Executives

Kerem Usenmez

Senior Officer