MetalsGrove Mining (ASX:MGA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is MetalsGrove Mining 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. MetalsGrove Mining's cash to debt ratio for the quarter that ended in Dec. 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, MetalsGrove Mining 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 MetalsGrove Mining's Cash-to-Debt or its related term are showing as below:

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

During the past 1 years, MetalsGrove Mining's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:MGA's Cash-to-Debt is ranked better than
99.96% of 2651 companies
in the Metals & Mining industry
Industry Median: 17.71 vs ASX:MGA: No Debt

MetalsGrove Mining Cash-to-Debt Historical Data

The historical data trend for MetalsGrove Mining'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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MetalsGrove Mining Cash-to-Debt Chart

MetalsGrove Mining Annual Data

Trend

Jun23

Cash-to-Debt

No Debt

MetalsGrove Mining Semi-Annual Data
	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt

Competitive Comparison of MetalsGrove Mining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, MetalsGrove Mining'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.

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

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

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

MetalsGrove Mining 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.

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

MetalsGrove Mining had no debt ⁽¹⁾.

MetalsGrove Mining's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

MetalsGrove Mining had no debt ⁽¹⁾.

MetalsGrove Mining (ASX:MGA) 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.

MetalsGrove Mining Cash-to-Debt Related Terms

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

MetalsGrove Mining (ASX:MGA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

123A Colin Street, Suite 6, West Perth, Perth, WA, AUS, 6005

Website

https://www.metalsgrove.com.au

MetalsGrove Mining Ltd is an Australian-based exploration and development company, focused on the exploration and development of its portfolio of high-quality lithium, rare earth, copper-gold, manganese, and base metal projects in Western Australia and the Northern Territory. Its projects include Upper Coondina Project; Bruce Project; Box Hole project; Edwards Creek project; and Woodie Woodie North Manganese Project.