MetalQuest Mining (TSXV:MQM) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jul. 2024)

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

TSXV:MQM' 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 13 years, MetalQuest Mining's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:MQM's Cash-to-Debt is ranked better than
99.96% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs TSXV:MQM: No Debt

MetalQuest Mining Cash-to-Debt Historical Data

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

MetalQuest Mining Annual Data

Trend

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Jan24

Cash-to-Debt

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No Debt

MetalQuest Mining Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, MetalQuest 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.

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

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

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

MetalQuest 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.

MetalQuest Mining's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:

MetalQuest Mining had no debt ⁽¹⁾.

MetalQuest Mining's Cash to Debt Ratio for the quarter that ended in Jul. 2024 is calculated as:

MetalQuest Mining had no debt ⁽¹⁾.

MetalQuest Mining (TSXV:MQM) 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.

MetalQuest Mining Cash-to-Debt Related Terms

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

MetalQuest Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MetalQuest Mining Inc (TSXV:MQM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MQMIF:USA E7Q:Germany

Address

101 - 2148 West 38th Avenue, Vancouver, BC, CAN, V6M 1R9

Website

https://www.metalquestmining.com

MetalQuest Mining Inc is an exploration stage company engaged in the acquisition, exploration, and development of mineral properties in Canada with the view of developing them to a stage where it can be exploited at a profit or to arrange joint ventures whereby other companies provide funding for development and exploration. The company projects include the Murray Brook Project and the Lac Otelnuk Iron Ore Project.

Executives

Harry Barr

Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer

MetalQuest Mining Headlines

No Headlines

MetalQuest Mining (TSXV:MQM) Cash-to-Debt : No Debt (1) (As of Jul. 2024)