Metallic Minerals (FRA:9MM1) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Metallic Minerals 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. Metallic Minerals'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, Metallic Minerals 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 Metallic Minerals's Cash-to-Debt or its related term are showing as below:

FRA:9MM1' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.59 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Metallic Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 3.59. And the median was No Debt.

FRA:9MM1's Cash-to-Debt is ranked better than
99.92% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs FRA:9MM1: No Debt

Metallic Minerals Cash-to-Debt Historical Data

The historical data trend for Metallic Minerals'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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Metallic Minerals Cash-to-Debt Chart

Metallic Minerals Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Cash-to-Debt

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63.64

No Debt

Metallic Minerals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	N/A	No Debt	No Debt	No Debt

Competitive Comparison of Metallic Minerals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Metallic Minerals'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.

Metallic Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Metallic Minerals 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.

Metallic Minerals's Cash to Debt Ratio for the fiscal year that ended in Jul. 2022 is calculated as:

Metallic Minerals had no debt ⁽¹⁾.

Metallic Minerals's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Metallic Minerals had no debt ⁽¹⁾.

Metallic Minerals (FRA:9MM1) 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.

Metallic Minerals Cash-to-Debt Related Terms

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

Metallic Minerals (FRA:9MM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metallic Minerals Corp (FRA:9MM1) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

MMNGF:USA MMG:Canada

Address

409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C 1T2

Website

https://www.metallic-minerals.com

Metallic Minerals Corp is an exploration company focused on the acquisition and development of high-grade silver and gold projects. It seeks to create value through a disciplined, systematic approach to exploration, reducing investment risk and maximizing the probability of long-term success. Metallic's core Keno Silver Project is located in the historic Keno Hill Silver District of Canada's Yukon Territory, a region that has produced over 200 million ounces of silver. The company's La Plata silver-gold-copper project is located in the high-grade La Plata district of the prolific Colorado Mineral Belt and its McKay Hill project northeast of Keno Hill is a high-grade historic silver-gold producer. The company is building a portfolio of gold royalties in the historic Klondike Gold District.

Metallic Minerals (FRA:9MM1) Headlines

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Metallic Minerals (FRA:9MM1) Cash-to-Debt : No Debt (1) (As of Jan. 2024)