Mt Malcolm Mines NL (ASX:M2M) Cash-to-Debt : 0.66 (As of Dec. 2023)

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What is Mt Malcolm Mines NL 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. Mt Malcolm Mines NL's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.66.

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, Mt Malcolm Mines NL 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 Mt Malcolm Mines NL's Cash-to-Debt or its related term are showing as below:

ASX:M2M' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.66 Med: 13.83 Max: 51.4
Current: 0.66

During the past 2 years, Mt Malcolm Mines NL's highest Cash to Debt Ratio was 51.40. The lowest was 0.66. And the median was 13.83.

ASX:M2M's Cash-to-Debt is ranked worse than
72.4% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs ASX:M2M: 0.66

Mt Malcolm Mines NL Cash-to-Debt Historical Data

The historical data trend for Mt Malcolm Mines NL'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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Mt Malcolm Mines NL Cash-to-Debt Chart

Mt Malcolm Mines NL Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

44.32

9.53

Mt Malcolm Mines NL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	51.40	44.32	13.83	9.53	0.66

Competitive Comparison of Mt Malcolm Mines NL's Cash-to-Debt

For the Gold subindustry, Mt Malcolm Mines NL'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.

Mt Malcolm Mines NL's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mt Malcolm Mines NL's Cash-to-Debt falls into.

Mt Malcolm Mines NL 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.

Mt Malcolm Mines NL'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)
	=	0.734	/	(0.026	+	0.051)
	=	9.53

Mt Malcolm Mines NL'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)
	=	0.368	/	(0.525	+	0.036)
	=	0.66

Mt Malcolm Mines NL (ASX:M2M) 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.

Mt Malcolm Mines NL Cash-to-Debt Related Terms

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Mt Malcolm Mines NL (ASX:M2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mt Malcolm Mines NL (ASX:M2M) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Sarich Court, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.mtmalcolm.com.au

Mt Malcolm Mines NL is a gold-focused exploration company. Its key project is the Malcolm Project located in the Mt Malcolm District of the Mt Margaret Mineral Field in Western Australia. The firm is organised into two operating segments, which is corporate and exploration operations.

Mt Malcolm Mines NL (ASX:M2M) Headlines

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