NextSource Materials (TSX:NEXT) Cash-to-Debt : 2.32 (As of Dec. 2023)

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What is NextSource Materials 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. NextSource Materials's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.32.

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, NextSource Materials could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSX:NEXT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.6 Med: No Debt Max: No Debt
Current: 2.32

During the past 13 years, NextSource Materials's highest Cash to Debt Ratio was No Debt. The lowest was 0.60. And the median was No Debt.

TSX:NEXT's Cash-to-Debt is ranked worse than
62.69% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSX:NEXT: 2.32

NextSource Materials Cash-to-Debt Historical Data

The historical data trend for NextSource Materials'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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NextSource Materials Cash-to-Debt Chart

NextSource Materials Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

5.79

2,109.08

27.93

0.60

NextSource Materials Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															50.78	0.99	0.60	115.04	2.32

Competitive Comparison of NextSource Materials's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, NextSource Materials'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.

NextSource Materials's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

NextSource Materials 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.

NextSource Materials'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)
	=	9.147	/	(1.71	+	13.564)
	=	0.60

NextSource Materials'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)
	=	41.419	/	(1.979	+	15.885)
	=	2.32

NextSource Materials (TSX:NEXT) 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.

NextSource Materials Cash-to-Debt Related Terms

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NextSource Materials (TSX:NEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NextSource Materials Inc (TSX:NEXT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NSRCF:USA 1JWA:Germany

Address

130 King Street West, Exchange Tower, Suite 1940, Toronto, ON, CAN, M5X 2A2

Website

https://www.nextsourcematerials.com

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite. The company also holds an interest in Green Giant Vanadium Project.