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McFarlane Lake Mining (McFarlane Lake Mining) Cash-to-Debt : 7.10 (As of Feb. 2024)


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What is McFarlane Lake Mining 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. McFarlane Lake Mining's cash to debt ratio for the quarter that ended in Feb. 2024 was 7.10.

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, McFarlane Lake Mining could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

The historical rank and industry rank for McFarlane Lake Mining's Cash-to-Debt or its related term are showing as below:

MLMLF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.28   Med: 8.18   Max: 26.8
Current: 7.08

During the past 2 years, McFarlane Lake Mining's highest Cash to Debt Ratio was 26.80. The lowest was 1.28. And the median was 8.18.

MLMLF's Cash-to-Debt is ranked worse than
56.26% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs MLMLF: 7.08

McFarlane Lake Mining Cash-to-Debt Historical Data

The historical data trend for McFarlane Lake Mining'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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McFarlane Lake Mining Cash-to-Debt Chart

McFarlane Lake Mining Annual Data
Trend Aug22 Aug23
Cash-to-Debt
8.18 1.28

McFarlane Lake Mining Quarterly Data
Jun21 Sep21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 2.03 4.01 1.28 16.21 7.10

Competitive Comparison of McFarlane Lake Mining's Cash-to-Debt

For the Gold subindustry, McFarlane Lake Mining'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.

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

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

* The bar in red indicates where McFarlane Lake Mining's Cash-to-Debt falls into.


McFarlane Lake Mining 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.

McFarlane Lake Mining's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
=0.185 / (0.145 + 0)
=1.28

McFarlane Lake Mining's Cash to Debt Ratio for the quarter that ended in Feb. 2024 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)
=1.023 / (0.144 + 0)
=7.10

* 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.

McFarlane Lake Mining  (OTCPK:MLMLF) 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.

McFarlane Lake Mining Cash-to-Debt Related Terms

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McFarlane Lake Mining (McFarlane Lake Mining) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McFarlane Lake Mining Ltd (OTCPK:MLMLF) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
MLM:Canada
Address
15 Kincora Court, Sudbury, ON, CAN, P3E 2B9
Website
https://www.mcfarlanelakemining.com
McFarlane Lake Mining Ltd is a gold exploration and development company currently engaged in the acquisition & assessment of gold properties. Its properties include High Lake, West Hawk Lake, Munro, and McMillan. The company has acquired six gold properties. It is a Canadian gold exploration and development company.