Metal Energy (TSXV:MERG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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

TSXV:MERG' 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 3 years, Metal Energy's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:MERG's Cash-to-Debt is ranked better than
99.96% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.69 vs TSXV:MERG: No Debt

Metal Energy Cash-to-Debt Historical Data

The historical data trend for Metal Energy'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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Metal Energy Cash-to-Debt Chart

Metal Energy Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Metal Energy Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Metal Energy's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Metal Energy'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.

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

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

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

Metal Energy 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.

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

Metal Energy had no debt ⁽¹⁾.

Metal Energy's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Metal Energy had no debt ⁽¹⁾.

Metal Energy (TSXV:MERG) 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.

Metal Energy Cash-to-Debt Related Terms

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

Metal Energy (TSXV:MERG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metal Energy Corp (TSXV:MERG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MEEEF:USA

Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

https://www.metalenergy.ca

Metal Energy Corp is engaged in the acquisition and exploration of mineral properties. It is focused on exploring Nickel, Copper, and PGE deposit on its Manibridge Mine and Strange projects, in the politically stable jurisdictions of Manitoba and Ontario, Canada.

Metal Energy (TSXV:MERG) Headlines

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Metal Energy (TSXV:MERG) Cash-to-Debt : No Debt (1) (As of Mar. 2024)