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

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

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

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

LTUM's Cash-to-Debt is ranked better than
99.92% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs LTUM: No Debt

Lithium Cash-to-Debt Historical Data

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

Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Lithium 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	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Lithium's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, 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.

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

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

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

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.

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

Lithium had no debt ⁽¹⁾.

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

Lithium had no debt ⁽¹⁾.

Lithium (OTCPK:LTUM) 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.

Lithium Cash-to-Debt Related Terms

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

Lithium (Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Corp (OTCPK:LTUM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1031 Railroad Street, Suite 102B, Elko, NV, USA, 89801

Website

https://www.lithiumcorporation.com

Lithium Corp is an exploration company based in Nevada. It is engaged in the identification, acquisition, and exploration of metals and minerals. Lithium Corporation is currently exploring two wholly owned prospects located in the State of Nevada, USA and two prospects in British Columbia, Canada. The company's properties include Fish Lake property, San Emidio property, Mount Heimdal Flake Graphite property and BC Sugar Flake Graphite property.

Executives

Dr Borenstein Ltd	10 percent owner	18 REINES ST, TEL AVIV L3 00000
Tom Lewis	director, 10 percent owner, officer: President/Secretary/Treasurer	1958 NEWHAVEN LOOP, RICHLAND WA 99352
Alexander Richard Walsh	director, 10 percent owner, officer: President / CEO	320 E. FAIRMONT DR, TEMPE AZ 85282
Brian O'connell Goss	director	1031 RAILROAD STREET, SUITE 102B, ELKO NV 89801
James Stuart Brown	director	APARTMENT PEARL GARDEN, UNIT NO. WP00606, JL. JEN. GATOT SUBROTO KAV 5-7, JAKARTA K8 12930
John G Webster	director	224 W. 16TH AVENUE, SPOKANE WA 99203
John E Hiner	director, 10 percent owner, officer: VP of Exploration	9443 AXLUND ROAD, LYNDEN WA 98264
Henry H Tonking	director	PO BOX 6545, INCLINE VILLAGE NV 89451
Mazen Hleiss	director, officer: President/Secretary/Treasurer	999 - 3RD AVE #3800, SEATTLE WA 98104