Margaret Lake Diamonds (TSXV:DIA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2023)

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

TSXV:DIA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: No Debt Max: No Debt
Current: No Debt

During the past 12 years, Margaret Lake Diamonds's highest Cash to Debt Ratio was No Debt. The lowest was 0.24. And the median was No Debt.

TSXV:DIA's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 17.92 vs TSXV:DIA: No Debt

Margaret Lake Diamonds Cash-to-Debt Historical Data

The historical data trend for Margaret Lake Diamonds'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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Margaret Lake Diamonds Cash-to-Debt Chart

Margaret Lake Diamonds Annual Data

Trend

May14

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May19

May20

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May23

Cash-to-Debt

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No Debt

Margaret Lake Diamonds Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Margaret Lake Diamonds's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Margaret Lake Diamonds'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.

Margaret Lake Diamonds's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Margaret Lake Diamonds 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.

Margaret Lake Diamonds's Cash to Debt Ratio for the fiscal year that ended in May. 2023 is calculated as:

Margaret Lake Diamonds had no debt ⁽¹⁾.

Margaret Lake Diamonds's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Margaret Lake Diamonds had no debt ⁽¹⁾.

Margaret Lake Diamonds (TSXV:DIA) 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.

Margaret Lake Diamonds Cash-to-Debt Related Terms

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Margaret Lake Diamonds (TSXV:DIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Margaret Lake Diamonds Inc (TSXV:DIA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

550 Burrard Street, Suite 1008, Vancouver, BC, CAN, V6C 2B5

Website

https://www.margaretlakediamonds.com

Margaret Lake Diamonds Inc is focused on the exploration of mineral properties that includes diamond. The company projects include Diagras Property, Morrison Property, and Cobalt Projects.