Millennial Lithium (TSXV:ML) Cash-to-Debt : 300.03 (As of Aug. 2021)

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What is Millennial Lithium 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. Millennial Lithium's cash to debt ratio for the quarter that ended in Aug. 2021 was 300.03.

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, Millennial Lithium could pay off its debt using the cash in hand for the quarter that ended in Aug. 2021.

(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 Millennial Lithium's Cash-to-Debt or its related term are showing as below:

TSXV:ML' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: No Debt Max: No Debt
Current: 300.03

During the past 13 years, Millennial Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was No Debt.

TSXV:ML's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 18.42 vs TSXV:ML: 300.03

Millennial Lithium Cash-to-Debt Historical Data

The historical data trend for Millennial Lithium'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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Millennial Lithium Cash-to-Debt Chart

Millennial Lithium Annual Data

Trend

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Cash-to-Debt

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No Debt

54.05

No Debt

Millennial Lithium Quarterly Data
	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21
Cash-to-Debt	Get a 7-Day Free Trial															35.93	602.68	No Debt	273.08	300.03

Competitive Comparison of Millennial Lithium's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Millennial Lithium'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.

Millennial Lithium's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Millennial Lithium 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.

Millennial Lithium's Cash to Debt Ratio for the fiscal year that ended in Feb. 2021 is calculated as:

Millennial Lithium had no debt ⁽¹⁾.

Millennial Lithium's Cash to Debt Ratio for the quarter that ended in Aug. 2021 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)
	=	45.905	/	(0.1	+	0.053)
	=	300.03

Millennial Lithium (TSXV:ML) 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.

Millennial Lithium Cash-to-Debt Related Terms

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Millennial Lithium (TSXV:ML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millennial Lithium Corp (TSXV:ML) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Bay Street, Suite 400, Toronto, ON, CAN, M5H 2S6

Website

http://www.millenniallithium.com

Millennial Lithium Corp is engaged in the business of acquisition, exploration and development of lithium mineral properties. The company's projects include the Pastos Grandes Lithium Project and Cauchari East Lithium Project. It has one operating segment, being the exploration of resource properties.