Lode-Star Mining (Lode-Star Mining) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Lode-Star Mining 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. Lode-Star Mining'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, Lode-Star Mining 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 Lode-Star Mining's Cash-to-Debt or its related term are showing as below:

LSMG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.15 Max: No Debt
Current: 0.03

During the past 13 years, Lode-Star Mining's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.15.

LSMG's Cash-to-Debt is ranked worse than
89.15% of 553 companies
in the Diversified Financial Services industry
Industry Median: 3.37 vs LSMG: 0.03

Lode-Star Mining Cash-to-Debt Historical Data

The historical data trend for Lode-Star Mining'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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Lode-Star Mining Cash-to-Debt Chart

Lode-Star Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.67

0.01

0.15

No Debt

Lode-Star Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	0.26	0.02	0.08	No Debt

Competitive Comparison of Lode-Star Mining's Cash-to-Debt

For the Shell Companies subindustry, Lode-Star Mining'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.

Lode-Star Mining's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Lode-Star Mining's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Lode-Star Mining's Cash-to-Debt falls into.

Lode-Star Mining 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.

Lode-Star Mining's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Lode-Star Mining had no debt ⁽¹⁾.

Lode-Star Mining's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Lode-Star Mining had no debt ⁽¹⁾.

Lode-Star Mining (OTCPK:LSMG) 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.

Lode-Star Mining Cash-to-Debt Related Terms

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

Lode-Star Mining (Lode-Star Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lode-Star Mining Inc (OTCPK:LSMG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 East Liberty Street, Suite 600, Reno, NV, USA, 89501

Website

http://lodestarmining.com

Lode-Star Mining Inc is a United States-based company was originally formed to acquire exploration stage natural resource properties.

Executives

Sapir Pharmaceuticals Inc.	other: Acquisition	9 SHENANDOAH DRIVE, LAKEWOOD NJ 08701
Thomas Temkin	director, officer: Chief Operating Officer	3487 TILLAMOOK CT, RENO NV 89509
Mark Walmesley	director, officer: CFO and Treasurer	906 - 150 24TH STREET, WEST VANCOUVER A1 V7V 4G8
Lonnie Kwa-humphries	10 percent owner	17213 BENDING OAK CT., CYPRESS TX 77429
Robert M Baker	director, 10 percent owner, officer: PRES/CEO/CFO/Secretary	600-666 BURRARD STREET, VANCOUVER A1 V6C3P6
West Peak Ventures Of Canada Ltd	10 percent owner	885 PYRFORD ROAD, WEST VANCOUVER A1 V7S A2A