Mamba Exploration (ASX:M24) Cash-to-Debt : 5.48 (As of Dec. 2023)

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What is Mamba Exploration 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. Mamba Exploration's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.48.

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

ASX:M24' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.48 Med: 24.8 Max: 60.07
Current: 60.07

During the past 4 years, Mamba Exploration's highest Cash to Debt Ratio was 60.07. The lowest was 5.48. And the median was 24.80.

ASX:M24's Cash-to-Debt is ranked better than
57.09% of 2575 companies
in the Metals & Mining industry
Industry Median: 17.68 vs ASX:M24: 60.07

Mamba Exploration Cash-to-Debt Historical Data

The historical data trend for Mamba Exploration'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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Mamba Exploration Cash-to-Debt Chart

Mamba Exploration Annual Data

Trend

Sep20

Jun22

Jun23

Jun24

Cash-to-Debt

No Debt

41.62

12.90

60.07

Mamba Exploration Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			41.62	24.80	12.90	5.48	60.07

Competitive Comparison of Mamba Exploration's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Mamba Exploration'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.

Mamba Exploration's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Mamba Exploration 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.

Mamba Exploration'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)
	=	0.748	/	(0.049	+	0.009)
	=	12.90

Mamba Exploration'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)
	=	0.17	/	(0.031	+	0)
	=	5.48

Mamba Exploration (ASX:M24) 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.

Mamba Exploration Cash-to-Debt Related Terms

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Mamba Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mamba Exploration Ltd (ASX:M24) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Richardson Street, Level 2, Perth, WA, AUS, 6005

Website

https://www.mambaexploration.com.au

Mamba Exploration Ltd is engaged in the exploration of nickel, copper, and gold. The company operates in a two geographical segment, Australia and Canada. The company has focus on its mineral exploration assets in the Ashburton/Gascoyne, Kimberley, Darling Range, Hyden, and Great Southern regions of Western Australia. company has one reportable business segment, being the exploration for nickel, copper, gold and uranium. The projects includes Hyden REE Project, Kimberley Project, Ashburton Project and Calyerup Creek Project.

Mamba Exploration Headlines

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