Lord Resources (ASX:LRD) Cash-to-Debt : 10.85 (As of Dec. 2023)

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What is Lord Resources 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. Lord Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 10.85.

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, Lord Resources 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 Lord Resources's Cash-to-Debt or its related term are showing as below:

ASX:LRD' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.85 Med: 19.06 Max: 30.03
Current: 10.85

During the past 2 years, Lord Resources's highest Cash to Debt Ratio was 30.03. The lowest was 10.85. And the median was 19.06.

ASX:LRD's Cash-to-Debt is ranked worse than
53.28% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs ASX:LRD: 10.85

Lord Resources Cash-to-Debt Historical Data

The historical data trend for Lord Resources'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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Lord Resources Cash-to-Debt Chart

Lord Resources Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

30.03

17.31

Lord Resources Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	30.03	20.81	17.31	10.85

Competitive Comparison of Lord Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Lord Resources'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.

Lord Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Lord Resources 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.

Lord Resources'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)
	=	2.579	/	(0.038	+	0.111)
	=	17.31

Lord Resources'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)
	=	1.443	/	(0.037	+	0.096)
	=	10.85

Lord Resources (ASX:LRD) 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.

Lord Resources Cash-to-Debt Related Terms

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Lord Resources (ASX:LRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lord Resources Ltd (ASX:LRD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, WA, AUS, 6021

Website

https://www.lordresources.com

Lord Resources Ltd is an exploration company. The primary objective of the company is to focus on mineral exploration of resource opportunities that have the potential to deliver growth to the company for the benefit of shareholders.

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