Strategic Minerals (Strategic Minerals) Cash-to-Debt : 0.29 (As of Jun. 2023)

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What is Strategic 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. Strategic Minerals's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.29.

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, Strategic Minerals couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

SMCDY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 5010.46 Max: No Debt
Current: 0.29

During the past 13 years, Strategic Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.25. And the median was 5010.46.

SMCDY's Cash-to-Debt is ranked worse than
81.53% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs SMCDY: 0.29

Strategic Minerals Cash-to-Debt Historical Data

The historical data trend for Strategic 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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Strategic Minerals Cash-to-Debt Chart

Strategic Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

0.25

10.41

0.85

0.58

Strategic Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															5.21	0.85	0.74	0.58	0.29

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

For the Other Industrial Metals & Mining subindustry, Strategic 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.

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

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

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

Strategic 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.

Strategic Minerals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.341	/	(0.282	+	0.305)
	=	0.58

Strategic Minerals's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.129	/	(0.216	+	0.23)
	=	0.29

Strategic Minerals (OTCPK:SMCDY) 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.

Strategic Minerals Cash-to-Debt Related Terms

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

Strategic Minerals (Strategic Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strategic Minerals PLC (OTCPK:SMCDY) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

SML:UK

Address

27/28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.strategicminerals.net

Strategic Minerals PLC is a UK-based mineral production and development company. The principal business activity of the company is the exploration, development, and operation of mining projects. Its operating segments include Southern Minerals Group LLC (SMG), Head Office, Development Asset, and United Kingdom. It derives a majority of the revenue from the SMG segment that is involved in the sale of magnetite to both the US domestic market and historically transported magnetite to port for onward export sale.

Strategic Minerals (Strategic Minerals) Headlines

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