Metals Australia (ASX:MLS) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is Metals 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. Metals Australia's cash to debt ratio for the quarter that ended in Dec. 2024 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, Metals Australia could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

(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 Metals Australia's Cash-to-Debt or its related term are showing as below:

ASX:MLS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.71 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Metals Australia's highest Cash to Debt Ratio was No Debt. The lowest was 0.71. And the median was No Debt.

ASX:MLS's Cash-to-Debt is ranked better than
99.96% of 2576 companies
in the Metals & Mining industry
Industry Median: 20.905 vs ASX:MLS: No Debt

Metals Australia Cash-to-Debt Historical Data

The historical data trend for Metals 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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Metals Australia Cash-to-Debt Chart

Metals Australia Annual Data

Trend

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Jun24

Cash-to-Debt

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No Debt

Metals Australia Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, Metals 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.

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

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

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

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Metals 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.

Metals Australia's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Metals Australia had no debt ⁽¹⁾.

Metals Australia's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Metals Australia had no debt ⁽¹⁾.

Metals Australia (ASX:MLS) 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.

Metals Australia Cash-to-Debt Related Terms

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Metals Australia Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Parliament Place, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.metalsaustralia.com.au

Metals Australia Ltd is engaged in the exploration of mineral deposits in Australia and Africa. It explores Manindi Lithium, base metals, and gold. The company holds interests in the Manindi Zinc Project, Quebec Lithium Project, Lac Rainy Nord Graphite Project, and others. Its geographical segment includes Australia and Canada.

Metals Australia Headlines

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Metals Australia (ASX:MLS) Cash-to-Debt : No Debt (1) (As of Dec. 2024)