Lithium Universe (ASX:LU7) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Lithium Universe 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 Universe's cash to debt ratio for the quarter that ended in Jun. 2023 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, Lithium Universe could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Lithium Universe's Cash-to-Debt or its related term are showing as below:

ASX:LU7' s Cash-to-Debt Range Over the Past 10 Years
Min: 56.75 Med: No Debt Max: No Debt
Current: 56.75

During the past 12 years, Lithium Universe's highest Cash to Debt Ratio was No Debt. The lowest was 56.75. And the median was No Debt.

ASX:LU7's Cash-to-Debt is ranked better than
57.01% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs ASX:LU7: 56.75

Lithium Universe Cash-to-Debt Historical Data

The historical data trend for Lithium Universe'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.

* Premium members only.

Lithium Universe Cash-to-Debt Chart

Lithium Universe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

56.75

Lithium Universe 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	56.75

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

For the Other Industrial Metals & Mining subindustry, Lithium Universe'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 Universe's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Lithium Universe 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 Universe's Cash to Debt Ratio for the fiscal year 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)
	=	1.362	/	(0.012	+	0.012)
	=	56.75

Lithium Universe's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Lithium Universe had no debt ⁽¹⁾.

Lithium Universe (ASX:LU7) 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 Universe Cash-to-Debt Related Terms

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

Lithium Universe (ASX:LU7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Universe Ltd (ASX:LU7) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KU00:Germany

Address

1265 Nepean Highway, Suite 5, Cheltenham, VIC, AUS, 3192

Website

https://www.lithiumuniverse.com

Lithium Universe Ltd is a mineral exploration company. The company projects include Apollo Lithium; Adina West and Adina South Lithium; Margot Lake Lithium; Lefroy Lithium and others.

Lithium Universe (ASX:LU7) Headlines

No Headlines

Lithium Universe (ASX:LU7) Cash-to-Debt : No Debt (1) (As of Jun. 2023)