Alba Mineral Resources (LSE:ALBA) Cash-to-Debt : No Debt ⁽¹⁾ (As of May. 2024)

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

LSE:ALBA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Alba Mineral Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was No Debt.

LSE:ALBA's Cash-to-Debt is ranked better than
99.96% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.81 vs LSE:ALBA: No Debt

Alba Mineral Resources Cash-to-Debt Historical Data

The historical data trend for Alba Mineral 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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Alba Mineral Resources Cash-to-Debt Chart

Alba Mineral Resources Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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2.05

216.00

564.00

No Debt

Alba Mineral Resources Semi-Annual Data
	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Alba Mineral Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Alba Mineral 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.

Alba Mineral Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Alba Mineral 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.

Alba Mineral Resources's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Alba Mineral Resources had no debt ⁽¹⁾.

Alba Mineral Resources's Cash to Debt Ratio for the quarter that ended in May. 2024 is calculated as:

Alba Mineral Resources had no debt ⁽¹⁾.

Alba Mineral Resources (LSE:ALBA) 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.

Alba Mineral Resources Cash-to-Debt Related Terms

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

Alba Mineral Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alba Mineral Resources PLC (LSE:ALBA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ALBA.GB:UK 9AB:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.albamineralresources.com

Alba Mineral Resources PLC is an explorer with a commodity and owns and operates mining projects in Greenland (graphite, ilmenite, and iron ore), Wales (gold), as well as having an investment in the onshore UK oil and gas sector. The Group currently only has one primary reporting business segment, exploration and development. It operates geographically in areas including the Republic of Ireland, Greenland and England & Wales. Its projects include the Clogau Gold project, GreenRoc Mining plc- Amitsoq Graphite project, and also holds rights in properties for lithium exploration projects in Western Australia.

Alba Mineral Resources Headlines

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Alba Mineral Resources (LSE:ALBA) Cash-to-Debt : No Debt (1) (As of May. 2024)