Tantalex Lithium Resources (TSXV:TTX) Cash-to-Debt : 0.03 (As of Nov. 2023)

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What is Tantalex Lithium Resources 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. Tantalex Lithium Resources's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.03.

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, Tantalex Lithium Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

TSXV:TTX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 49.63
Current: 0.03

During the past 13 years, Tantalex Lithium Resources's highest Cash to Debt Ratio was 49.63. The lowest was 0.00. And the median was 0.05.

TSXV:TTX's Cash-to-Debt is ranked worse than
94.81% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:TTX: 0.03

Tantalex Lithium Resources Cash-to-Debt Historical Data

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

Tantalex Lithium Resources Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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0.07

0.01

0.09

0.02

Tantalex Lithium Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															0.03	-	0.03	0.01	0.03

Competitive Comparison of Tantalex Lithium Resources's Cash-to-Debt

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

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

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

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

Tantalex Lithium Resources 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.

Tantalex Lithium Resources's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	0.111	/	(15.357	+	10.47)
	=	0.00

Tantalex Lithium Resources's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	1.109	/	(22.321	+	11.145)
	=	0.03

Tantalex Lithium Resources (TSXV:TTX) 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.

Tantalex Lithium Resources Cash-to-Debt Related Terms

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

Tantalex Lithium Resources (TSXV:TTX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TTLXF:USA DW8:Germany TTX:Canada

Address

120 Adelaide Street West, Suite 1410, Toronto, ON, CAN, M5H 1T1

Website

https://www.tantalexlithium.com

Tantalex Lithium Resources Corp is a mining exploration and development company. It is engaged in the acquisition, exploration, development, and distribution of lithium, tin, tantalum, and other high?tech mineral properties in Africa. Its projects comprise Manono Tailings, Pegmatite Corridor Exploration, and Lubule Tin and Tantalum. It has one operating segment being the sector of exploration and evaluation of mineral resources.

Tantalex Lithium Resources (TSXV:TTX) Headlines

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