Leading Edge Materials (TSXV:LEM) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Leading Edge 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. Leading Edge Materials's cash to debt ratio for the quarter that ended in Jan. 2024 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, Leading Edge Materials could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

(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 Leading Edge Materials's Cash-to-Debt or its related term are showing as below:

TSXV:LEM' s Cash-to-Debt Range Over the Past 10 Years
Min: 20.48 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Leading Edge Materials's highest Cash to Debt Ratio was No Debt. The lowest was 20.48. And the median was No Debt.

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

Leading Edge Materials Cash-to-Debt Historical Data

The historical data trend for Leading Edge 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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Leading Edge Materials Cash-to-Debt Chart

Leading Edge Materials Annual Data

Trend

Oct14

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Oct16

Oct17

Oct18

Oct19

Oct20

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Oct23

Cash-to-Debt

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No Debt

Leading Edge Materials Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Leading Edge Materials's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Leading Edge 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.

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

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

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

Leading Edge 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.

Leading Edge Materials's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Leading Edge Materials had no debt ⁽¹⁾.

Leading Edge Materials's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Leading Edge Materials had no debt ⁽¹⁾.

Leading Edge Materials (TSXV:LEM) 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.

Leading Edge Materials Cash-to-Debt Related Terms

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

Leading Edge Materials (TSXV:LEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Leading Edge Materials Corp (TSXV:LEM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LEMIF:USA LEMSE:Sweden 7FL:Germany

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.leadingedgematerials.com

Leading Edge Materials Corp is a Canada based exploration company. It is involved in the exploration and development of resource properties in Sweden and Finland with corporate operations in Canada. The company is focused on the supply of the materials needed for the generation, storage, and preservation of low carbon energy. The properties owned by the company are Woxna Graphite Mine located in central Sweden, and Norra Karr Mine, a rare earth element resource, located in south-central Sweden, and Bergby project.

Executives

Lars-eric Johansson

Director

Leading Edge Materials (TSXV:LEM) Headlines

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Leading Edge Materials (TSXV:LEM) Cash-to-Debt : No Debt (1) (As of Jan. 2024)