Mont Royal Resources (ASX:MRZ) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Mont Royal 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. Mont Royal Resources'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, Mont Royal Resources 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 Mont Royal Resources's Cash-to-Debt or its related term are showing as below:

ASX:MRZ' 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 4 years, Mont Royal Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:MRZ's Cash-to-Debt is ranked better than
99.92% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.37 vs ASX:MRZ: No Debt

Mont Royal Resources Cash-to-Debt Historical Data

The historical data trend for Mont Royal 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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Mont Royal Resources Cash-to-Debt Chart

Mont Royal Resources Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

Mont Royal Resources Semi-Annual Data
	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	No Debt

Competitive Comparison of Mont Royal Resources's Cash-to-Debt

For the Gold subindustry, Mont Royal 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.

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

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

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

Mont Royal 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.

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

Mont Royal Resources had no debt ⁽¹⁾.

Mont Royal Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Mont Royal Resources had no debt ⁽¹⁾.

Mont Royal Resources (ASX:MRZ) 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.

Mont Royal Resources Cash-to-Debt Related Terms

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

Mont Royal Resources (ASX:MRZ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Bligh Street, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.montroyalres.com

Mont Royal Resources Ltd is an Australia-based mineral exploration company. It is involved in the acquisition, exploration and development of mineral resource projects. The company's project includes the Wapatik Gold-Copper Project in Quebec, Canada, and the Northern Lights Minerals Pty Ltd in the Upper Eastmain Greenstone Belt in Quebec, Canada.

Mont Royal Resources (ASX:MRZ) Headlines

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Mont Royal Resources (ASX:MRZ) Cash-to-Debt : No Debt (1) (As of Dec. 2023)