Metalex Ventures (TSXV:MTX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2024)

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

TSXV:MTX' 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, Metalex Ventures's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:MTX's Cash-to-Debt is ranked better than
99.96% of 2575 companies
in the Metals & Mining industry
Industry Median: 17.68 vs TSXV:MTX: No Debt

Metalex Ventures Cash-to-Debt Historical Data

The historical data trend for Metalex Ventures'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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Metalex Ventures Cash-to-Debt Chart

Metalex Ventures Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

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Apr24

Cash-to-Debt

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No Debt

Metalex Ventures Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Metalex Ventures's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Metalex Ventures'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.

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

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

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

Metalex Ventures 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.

Metalex Ventures's Cash to Debt Ratio for the fiscal year that ended in Apr. 2024 is calculated as:

Metalex Ventures had no debt ⁽¹⁾.

Metalex Ventures's Cash to Debt Ratio for the quarter that ended in Oct. 2024 is calculated as:

Metalex Ventures had no debt ⁽¹⁾.

Metalex Ventures (TSXV:MTX) 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.

Metalex Ventures Cash-to-Debt Related Terms

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Metalex Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metalex Ventures Ltd (TSXV:MTX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1634 Harvey Avenue, Suite 203, Kelowna, BC, CAN, V1Y 6G2

Website

https://www.metalexventures.com

Metalex Ventures Ltd is engaged in the acquisition, exploration, and development of mineral properties. The company's principal projects in Canada are in Quebec and Kyle Lake. Its overseas projects are located in South Africa, Morocco, and Mali.

Executives