Metalero Mining (TSXV:MLO) Cash-to-Debt : 0.09 (As of Jan. 2024)

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What is Metalero 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. Metalero Mining's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.09.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Metalero Mining couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSXV:MLO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 1.03 Max: No Debt
Current: 0.09

During the past 5 years, Metalero Mining's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 1.03.

TSXV:MLO's Cash-to-Debt is ranked worse than
90.46% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs TSXV:MLO: 0.09

Metalero Mining Cash-to-Debt Historical Data

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

Metalero Mining Annual Data

Trend

Dec18

Dec19

Oct21

Oct22

Oct23

Cash-to-Debt

No Debt

0.43

0.03

0.06

Metalero Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.22	1.03	0.06	0.06	0.09

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

For the Gold subindustry, Metalero 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.

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

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

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

Metalero 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.

Metalero Mining's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	0.01	/	(0.089	+	0.079)
	=	0.06

Metalero Mining's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	0.013	/	(0.075	+	0.068)
	=	0.09

Metalero Mining (TSXV:MLO) 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.

Metalero Mining Cash-to-Debt Related Terms

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Metalero Mining (TSXV:MLO) Business Description

Industry

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

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Traded in Other Exchanges

CRTTF:USA

Address

10545 - 45 Avenue NW, 250 Southridge, Suite 300, Edmonton, AB, CAN, T6H 4M9

Website

https://www.cortusmetals.com

Cortus Metals Inc is a mineral exploration company with projects in Nevada. It uses systematic methods and proprietary data to target significant epithermal and Carlin-type mineralization beneath the shallow cover.

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