Mines Management (Mines Management) Cash-to-Debt : 0.58 (As of Jun. 2016)

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What is Mines Management 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. Mines Management's cash to debt ratio for the quarter that ended in Jun. 2016 was 0.58.

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, Mines Management couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2016.

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

MGN's Cash-to-Debt is not ranked ^*
in the Metals & Mining industry.
Industry Median: 18.395
* Ranked among companies with meaningful Cash-to-Debt only.

Mines Management Cash-to-Debt Historical Data

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

Mines Management Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

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Dec11

Dec12

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Dec15

Cash-to-Debt

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No Debt

Mines Management Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	0.58

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

For the Silver subindustry, Mines Management'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.

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

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

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

Mines Management 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.

Mines Management's Cash to Debt Ratio for the fiscal year that ended in Dec. 2015 is calculated as:

Mines Management had no debt ⁽¹⁾.

Mines Management's Cash to Debt Ratio for the quarter that ended in Jun. 2016 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)
	=	0.784	/	(1.355	+	0)
	=	0.58

Mines Management (AMEX:MGN) 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.

Mines Management Cash-to-Debt Related Terms

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Mines Management (Mines Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mines Management Inc (AMEX:MGN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.minesmanagement.com

Mines Management Inc is a publicly held Idaho corporation incorporated on February 20, 1947. The Company is engaged in the business of acquiring, exploring, and if exploration is successful, developing mineral properties, mainly those containing silver and associated base and precious metals. Its main mineral property interest, the Montanore Project, is held by its wholly owned subsidiaries, Newhi, Inc. and Montanore Minerals Corp. The Montanore Project is located in northwestern Montana, and from 1988 to 2002 was owned by Noranda Minerals Corporation. In May 2006, the Company acquired two Noranda subsidiaries that held title to the property providing access to the 14,000 foot Libby adit and related permits. It also owns certain patented and unpatented mining claims on zinc proprieties in northern Washington State referred to as the Iroquois and Advance properties. The Company's activities in the United States are subject to various federal, state and local laws & regulations governing exploration, labor standards, occupational health & mine safety, control of toxic substances and other matters involving environmental protection and taxation.

Executives

Robert L Russell	director	639 N RIVERPOINT BLVD H-203 SPOKANE WA 99202
Glenn Dobbs	director, officer: CEO	905 RIVERSIDE AVE., SUITE 311 SPOKANE WA 99201
James Herbert Moore	officer: Chief Financial Officer
Eric Gregory Klepfer	officer: VP - Operations	13058 SHERWOOD COURT, HAYDEN LAKE ID 83835
Jack Gustavel	director	1411 E. MISSION AVE., SPOKANE WA 99202

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