MEDAF (Medaro Mining) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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

MEDAF' 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 4 years, Medaro Mining's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

MEDAF's Cash-to-Debt is ranked better than
99.96% of 2634 companies
in the Metals & Mining industry
Industry Median: 18.365 vs MEDAF: No Debt

Medaro Mining Cash-to-Debt Historical Data

The historical data trend for Medaro 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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Medaro Mining Cash-to-Debt Chart

Medaro Mining Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

No Debt

Medaro Mining Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial											No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Medaro Mining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Medaro 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.

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

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

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

Medaro 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.

Medaro Mining's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Medaro Mining had no debt ⁽¹⁾.

Medaro Mining's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Medaro Mining had no debt ⁽¹⁾.

Medaro Mining (OTCPK:MEDAF) 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.

Medaro Mining Cash-to-Debt Related Terms

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Medaro Mining Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

1ZY0:Germany MEDA:Canada

Address

333 Terminal Avenue, Suite 220, Vancouver, BC, CAN, V6A 4C1

Website

https://www.medaromining.com

Medaro Mining Corp is in the business of acquiring, exploring, and evaluating mineral resource properties in Canada. The company's projects include Lac la motte; Rapide lithium; Darlin lithium; CYR south lithium; Superb lake lithium, and Yurchison uranium.