Lithium Australia (ASX:LIT) Cash-to-Debt : 3.19 (As of Dec. 2023)

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What is Lithium Australia 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. Lithium Australia's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.19.

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

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

ASX:LIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.56 Med: 15.38 Max: No Debt
Current: 3.19

During the past 13 years, Lithium Australia's highest Cash to Debt Ratio was No Debt. The lowest was 2.56. And the median was 15.38.

ASX:LIT's Cash-to-Debt is ranked worse than
60.05% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.77 vs ASX:LIT: 3.19

Lithium Australia Cash-to-Debt Historical Data

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

Lithium Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

3.72

14.61

3.31

12.15

Lithium Australia 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															5.65	3.31	12.29	12.15	3.19

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

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

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

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

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

Lithium Australia 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.

Lithium Australia's Cash to Debt Ratio for the fiscal year 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)
	=	15.612	/	(0.669	+	0.616)
	=	12.15

Lithium Australia'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)
	=	7.071	/	(1.576	+	0.64)
	=	3.19

Lithium Australia (ASX:LIT) 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.

Lithium Australia Cash-to-Debt Related Terms

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

Lithium Australia (ASX:LIT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LMMFF:USA 3MW:Germany

Address

677 Murray Street, Level 1, Perth, WA, AUS, 6005

Website

https://www.lithium-au.com

Lithium Australia Ltd is engaged in the acquisition, mineral exploration, and process development, for the extraction and recovery of lithium. Its reportable segment includes Battery Recycling, Battery Materials, Chemicals, and Raw Materials. The majority of its revenue derives from the Battery Recycling segment which includes research and development of processing technology for mixed-battery recycling, as well as the sale of recovered energy metals.