Lithium Ionic (STU:H3N) Cash-to-Debt : 97.99 (As of Sep. 2024)

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What is Lithium Ionic 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 Ionic's cash to debt ratio for the quarter that ended in Sep. 2024 was 97.99.

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 Ionic could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Lithium Ionic's Cash-to-Debt or its related term are showing as below:

STU:H3N' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.4 Med: 93.93 Max: No Debt
Current: 98.05

During the past 3 years, Lithium Ionic's highest Cash to Debt Ratio was No Debt. The lowest was 10.40. And the median was 93.93.

STU:H3N's Cash-to-Debt is ranked better than
58.44% of 2582 companies
in the Metals & Mining industry
Industry Median: 20.12 vs STU:H3N: 98.05

Lithium Ionic Cash-to-Debt Historical Data

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

Lithium Ionic Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

127.23

22.58

Lithium Ionic Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial										49.90	22.58	10.39	29.64	97.99

Competitive Comparison of Lithium Ionic's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Lithium Ionic'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 Ionic's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	7.633	/	(0.175	+	0.163)
	=	22.58

Lithium Ionic's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	18.716	/	(0.128	+	0.063)
	=	97.99

Lithium Ionic (STU:H3N) 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 Ionic Cash-to-Debt Related Terms

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Lithium Ionic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Ionic Corp (STU:H3N) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LTHCF:USA LTH:Canada

Address

36 Lombard Street, 4th Floor, Toronto, ON, CAN, M5C 2X3

Website

https://www.lithiumionic.com

Lithium Ionic Corp is a Canadian junior exploration company focused on developing commercial-grade lithium. It owns a 100% ownership interest in the Itinga lithium project. It operates a single operating segment, which is mineral exploration and evaluation in Brazil.

Lithium Ionic Headlines

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