CleanTech Lithium (LSE:CTL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

LSE:CTL' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.76 Med: No Debt Max: No Debt
Current: No Debt

During the past 4 years, CleanTech Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 1.76. And the median was No Debt.

LSE:CTL's Cash-to-Debt is ranked better than
99.96% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.33 vs LSE:CTL: No Debt

CleanTech Lithium Cash-to-Debt Historical Data

The historical data trend for CleanTech Lithium'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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CleanTech Lithium Cash-to-Debt Chart

CleanTech Lithium Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.76

No Debt

CleanTech Lithium Semi-Annual Data
	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 CleanTech Lithium's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, CleanTech Lithium'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.

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

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

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

CleanTech Lithium 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.

CleanTech Lithium's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

CleanTech Lithium had no debt ⁽¹⁾.

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

CleanTech Lithium had no debt ⁽¹⁾.

CleanTech Lithium (LSE:CTL) 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.

CleanTech Lithium Cash-to-Debt Related Terms

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

CleanTech Lithium (LSE:CTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CleanTech Lithium PLC (LSE:CTL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CTLHF:USA T2N:Germany

Address

7 Castle Street, De Carteret House, Saint Helier, JEY, JE2 3BT

Website

https://www.ctlithium.com

CleanTech Lithium PLC is focused on lithium exploration and development and has been progressing with two lithium projects in Chile, the Laguna Verde project and the Francisco Basin project. The Group holds mining exploration and mining exploitation licenses over the Projects which are prospective for lithium resources based on the lithium-enriched brine in the surface and sub-surface of the basins.

CleanTech Lithium (LSE:CTL) Headlines

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CleanTech Lithium (LSE:CTL) Cash-to-Debt : No Debt (1) (As of Dec. 2023)