Variscan Mines (Variscan Mines) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Variscan Mines 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. Variscan Mines'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, Variscan Mines 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 Variscan Mines's Cash-to-Debt or its related term are showing as below:

PLTSF' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.39 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Variscan Mines's highest Cash to Debt Ratio was No Debt. The lowest was 2.39. And the median was No Debt.

PLTSF's Cash-to-Debt is ranked better than
99.96% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs PLTSF: No Debt

Variscan Mines Cash-to-Debt Historical Data

The historical data trend for Variscan Mines'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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Variscan Mines Cash-to-Debt Chart

Variscan Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

Variscan Mines Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Variscan Mines's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Variscan Mines'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.

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

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

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

Variscan Mines 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.

Variscan Mines's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Variscan Mines had no debt ⁽¹⁾.

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

Variscan Mines had no debt ⁽¹⁾.

Variscan Mines (OTCPK:PLTSF) 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.

Variscan Mines Cash-to-Debt Related Terms

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

Variscan Mines (Variscan Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Variscan Mines Ltd (OTCPK:PLTSF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

VAR:Australia

Address

7 The Esplanade, Suite 8, Mount Pleasant, Perth, WA, AUS, 6153

Website

https://www.variscan.com.au

Variscan Mines Ltd is engaged in exploring and developing mineral properties in Europe and Australia. It focuses on base metals, such as copper, lead, zinc, and nickel; precious metals comprising gold and silver; and tin, and tungsten deposits. It holds an interest in the Merleac, Silfiac, Tennie, Beaulieu, Loc Enrel, St Pierre, and Couflents licenses located in France. The company also owns an interest in Olary, Broken Hill, Euriowie, Callabonna, Quinyambie, and Hillston projects located in Curnamona Craton, South Australia; and the Ghost Rider and Achilles projects of the Lachlan Orogen in New South Wales. The firm operates in two geographical segments, being Australia and Spain.

Variscan Mines (Variscan Mines) Headlines

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Variscan Mines (Variscan Mines) Cash-to-Debt : No Debt (1) (As of Dec. 2023)