Unicorn Mineral Resources (LSE:UMR) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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

LSE:UMR' 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 4 years, Unicorn Mineral Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:UMR's Cash-to-Debt is ranked better than
99.92% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs LSE:UMR: No Debt

Unicorn Mineral Resources Cash-to-Debt Historical Data

The historical data trend for Unicorn Mineral Resources'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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Unicorn Mineral Resources Cash-to-Debt Chart

Unicorn Mineral Resources Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

No Debt

Unicorn Mineral Resources Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Unicorn Mineral Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Unicorn Mineral Resources'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.

Unicorn Mineral Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Unicorn Mineral Resources's Cash-to-Debt falls into.

Unicorn Mineral Resources 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.

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

Unicorn Mineral Resources had no debt ⁽¹⁾.

Unicorn Mineral Resources's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Unicorn Mineral Resources had no debt ⁽¹⁾.

Unicorn Mineral Resources (LSE:UMR) 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.

Unicorn Mineral Resources Cash-to-Debt Related Terms

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

Unicorn Mineral Resources (LSE:UMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Unicorn Mineral Resources PLC (LSE:UMR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

20/21 St Patrick’s Road, 39 Castleyard, Dalkey, Dublin, IRL

Website

http://www.unicornmineralresources.com

Unicorn Mineral Resources PLC is a mineral exploration company. The company focuses on Copper, Lead, Zinc, and Silver mineral deposits in the Irish Midlands Orefield. It has interests in areas such as Kilmallock Property and the Lisheen Property.

Unicorn Mineral Resources (LSE:UMR) Headlines

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Unicorn Mineral Resources (LSE:UMR) Cash-to-Debt : No Debt (1) (As of Sep. 2023)