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LMSQF (Latin Metals) Cash-to-Debt : No Debt (1) (As of Oct. 2024)


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What is Latin Metals 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. Latin Metals's cash to debt ratio for the quarter that ended in Oct. 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, Latin Metals could pay off its debt using the cash in hand for the quarter that ended in Oct. 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 Latin Metals's Cash-to-Debt or its related term are showing as below:

LMSQF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.54   Med: 11.85   Max: No Debt
Current: 1.75

During the past 13 years, Latin Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.54. And the median was 11.85.

LMSQF's Cash-to-Debt is ranked worse than
64.45% of 2582 companies
in the Metals & Mining industry
Industry Median: 20.12 vs LMSQF: 1.75

Latin Metals Cash-to-Debt Historical Data

The historical data trend for Latin Metals'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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Latin Metals Cash-to-Debt Chart

Latin Metals Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.68 No Debt 14.82 0.54 No Debt

Latin Metals Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.27 0.46 0.25 No Debt

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

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


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

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

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



Latin Metals 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.

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

Latin Metals had no debt (1).

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

Latin Metals had no debt (1).

* 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.


Latin Metals  (OTCPK:LMSQF) 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.


Latin Metals Cash-to-Debt Related Terms

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Latin Metals Business Description

Traded in Other Exchanges
Address
999 West Hastings Street, Suite 890, Vancouver, BC, CAN, V6C 2W2
Latin Metals Inc is a resource exploration company. It is focused on precious metals and copper projects in historically resource-rich regions of South America, specifically in Peru and Argentina. The company operates on a prospect generator model, focusing on acquiring prospective exploration properties at minimum cost, followed by initial evaluation through the cost-effective exploration to establish drill targets. It has one mineral resource industry segment and operates in Canada, Argentina, and Peru.