New Destiny Mining (TSXV:NED) Cash-to-Debt : 0.50 (As of Dec. 2023)

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What is New Destiny 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. New Destiny Mining's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.50.

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, New Destiny Mining couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:NED' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: No Debt Max: No Debt
Current: 0.5

During the past 13 years, New Destiny Mining's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was No Debt.

TSXV:NED's Cash-to-Debt is ranked worse than
74.94% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:NED: 0.50

New Destiny Mining Cash-to-Debt Historical Data

The historical data trend for New Destiny 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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New Destiny Mining Cash-to-Debt Chart

New Destiny Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

N/A

0.02

0.60

New Destiny Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															-	-	0.60	-	0.50

Competitive Comparison of New Destiny Mining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, New Destiny 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.

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

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

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

New Destiny 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.

New Destiny Mining's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.003	/	(0.005	+	0)
	=	0.60

New Destiny Mining's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.002	/	(0.004	+	0)
	=	0.50

New Destiny Mining (TSXV:NED) 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.

New Destiny Mining Cash-to-Debt Related Terms

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

New Destiny Mining (TSXV:NED) Business Description

Industry

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

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Traded in Other Exchanges

NDMCF:USA

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

http://www.newdestinymining.com

New Destiny Mining Corp is a junior mineral exploration company engaged in the business of acquiring, exploring, and evaluating mineral properties. Its project consists of the Treasure Mountain Property located to the east of Hope, British Columbia. It develops and mines polymetallic (silver, gold, lead, zinc, copper and / or molybdenum) deposits.

Executives

Wesley Warthe-anderson

Director

New Destiny Mining (TSXV:NED) Headlines

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