Mantle Minerals (ASX:MTL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Mantle Minerals 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. Mantle Minerals'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, Mantle Minerals 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 Mantle Minerals's Cash-to-Debt or its related term are showing as below:

ASX:MTL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Mantle Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.34. And the median was No Debt.

ASX:MTL's Cash-to-Debt is ranked better than
99.96% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs ASX:MTL: No Debt

Mantle Minerals Cash-to-Debt Historical Data

The historical data trend for Mantle Minerals'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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Mantle Minerals Cash-to-Debt Chart

Mantle Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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No Debt

7.26

970.00

No Debt

Mantle Minerals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															7.26	11.15	970.00	No Debt	No Debt

Competitive Comparison of Mantle Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Mantle Minerals'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.

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

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

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

Mantle Minerals 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.

Mantle Minerals'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)
	=	2.91	/	(0.003	+	0)
	=	970.00

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

Mantle Minerals had no debt ⁽¹⁾.

Mantle Minerals (ASX:MTL) 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.

Mantle Minerals Cash-to-Debt Related Terms

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Mantle Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MXB0:Germany

Address

168 Stirling Highway, Ground Floor, PO Box 369, Nedlands, Perth, WA, AUS, 6009

Website

https://www.mantleminerals.com.au

Mantle Minerals Ltd is an Australia-based mineral exploration and development company focused on acquiring a portfolio of prospective exploration projects or near-term development projects in Australia and the United States. The company's projects include the Mount Berghaus project, Roberts Hill project, Mallina Basin project in Pilbara, the Yule river project and the Pardoo Project.