European Lithium (ASX:EUR) Cash-to-Debt : 62.23 (As of Dec. 2023)

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What is European 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. European Lithium's cash to debt ratio for the quarter that ended in Dec. 2023 was 62.23.

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, European Lithium could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:EUR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 5031.11 Max: No Debt
Current: 62.23

During the past 13 years, European Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 5031.11.

ASX:EUR's Cash-to-Debt is ranked better than
57.92% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.69 vs ASX:EUR: 62.23

European Lithium Cash-to-Debt Historical Data

The historical data trend for European 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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European Lithium Cash-to-Debt Chart

European Lithium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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1.11

0.36

15.15

No Debt

European Lithium Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	62.23

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

For the Other Industrial Metals & Mining subindustry, European 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.

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

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

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

European 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.

European Lithium's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

European Lithium had no debt ⁽¹⁾.

European Lithium's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	7.965	/	(0.04	+	0.088)
	=	62.23

European Lithium (ASX:EUR) 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.

European Lithium Cash-to-Debt Related Terms

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European Lithium (ASX:EUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » European Lithium Ltd (ASX:EUR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EULIF:USA 0J3I:UK PF8:Germany

Address

32 Harrogate Street, West Leederville, Perth, WA, AUS, 6007

Website

https://www.europeanlithium.com

European Lithium Ltd is engaged in lithium exploration and development in Austria. The company's project includes Wolfsberg Lithium Project located in Carinthia. The firm has two geographical segments Austria and Australia, of which the majority of the revenue comes from Australia.

European Lithium (ASX:EUR) Headlines

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