Merlin Diamonds (Merlin Diamonds) Cash-to-Debt : 0.68 (As of Dec. 2017)

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What is Merlin Diamonds 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. Merlin Diamonds's cash to debt ratio for the quarter that ended in Dec. 2017 was 0.68.

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, Merlin Diamonds couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2017.

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

NADLY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 47.93 Max: No Debt
Current: 0.11

During the past 13 years, Merlin Diamonds's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 47.93.

NADLY's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 18.42 vs NADLY: 0.11

Merlin Diamonds Cash-to-Debt Historical Data

The historical data trend for Merlin Diamonds'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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Merlin Diamonds Cash-to-Debt Chart

Merlin Diamonds Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Cash-to-Debt

Get a 7-Day Free Trial

0.07

1.29

0.71

0.01

0.11

Merlin Diamonds Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Cash-to-Debt	Get a 7-Day Free Trial															0.71	0.08	0.01	0.68	0.11

Competitive Comparison of Merlin Diamonds's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Merlin Diamonds'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.

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

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

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

Merlin Diamonds 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.

Merlin Diamonds's Cash to Debt Ratio for the fiscal year that ended in Jun. 2018 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)
	=	0.398	/	(0.28	+	3.249)
	=	0.11

Merlin Diamonds's Cash to Debt Ratio for the quarter that ended in Dec. 2017 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)
	=	1.535	/	(0.837	+	1.424)
	=	0.68

Merlin Diamonds (OTCPK:NADLY) 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.

Merlin Diamonds Cash-to-Debt Related Terms

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Merlin Diamonds (Merlin Diamonds) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Merlin Diamonds Ltd (OTCPK:NADLY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

42 Moray Street, Level 1A, Southbank, Melbourne, VIC, AUS, 3004

Website

http://www.merlindiamonds.com.au

Merlin Diamonds Ltd is engaged in the exploration and development of diamond projects in Northern Territory, Australia. Its projects include Merlin Diamond Project, Kimberley Project, and Arnhem Land.

Merlin Diamonds (Merlin Diamonds) Headlines

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