Meridian Mining UK Societas (TSX:MNO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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

TSX:MNO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.59 Max: No Debt
Current: No Debt

During the past 13 years, Meridian Mining UK Societas's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.59.

TSX:MNO's Cash-to-Debt is ranked better than
99.96% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.81 vs TSX:MNO: No Debt

Meridian Mining UK Societas Cash-to-Debt Historical Data

The historical data trend for Meridian Mining UK Societas'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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Meridian Mining UK Societas Cash-to-Debt Chart

Meridian Mining UK Societas Annual Data

Trend

Jan14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

No Debt

Meridian Mining UK Societas Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Meridian Mining UK Societas's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Meridian Mining UK Societas'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.

Meridian Mining UK Societas's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Meridian Mining UK Societas 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.

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

Meridian Mining UK Societas had no debt ⁽¹⁾.

Meridian Mining UK Societas's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Meridian Mining UK Societas had no debt ⁽¹⁾.

Meridian Mining UK Societas (TSX:MNO) 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.

Meridian Mining UK Societas Cash-to-Debt Related Terms

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

Meridian Mining UK Societas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Meridian Mining UK Societas (TSX:MNO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MRRDF:USA N2E:Germany

Address

4 More London Riverside, 8th Floor, London, GBR, SE1 2AU

Website

https://www.meridianmining.co

Meridian Mining UK Societas is engaged in the exploration and development of mineral deposits in Brazil through its subsidiaries, Jaburi and Rio Cabacal. The Company is currently focused on resource development of the Cabacal Project, the regional scale exploration of the Cabacal VMS belt and the exploration in the Jauru & Araputanga Greenstone belts, all located in the state of Mato Grosso. The Company operates in one operating segment, being the acquisition, exploration and development of exploration and mineral properties in Brazil.

Executives

William John Walker Skinner	Director
Susanne Hedwig Sesselmann	Director
Gilbert Clark	Director, Senior Officer
Soraia Morais	Senior Officer
Charles Louis Riopel	Director

Meridian Mining UK Societas Headlines

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Meridian Mining UK Societas (TSX:MNO) Cash-to-Debt : No Debt (1) (As of Sep. 2024)