Minas Metals (XCNQ:MINA) Cash-to-Debt : 0.19 (As of Oct. 2023)

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What is Minas Metals 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. Minas Metals's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.19.

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, Minas Metals couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

(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 Minas Metals's Cash-to-Debt or its related term are showing as below:

XCNQ:MINA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 5005.23 Max: No Debt
Current: 0.19

During the past 2 years, Minas Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.16. And the median was 5005.23.

XCNQ:MINA's Cash-to-Debt is ranked worse than
85.34% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs XCNQ:MINA: 0.19

Minas Metals Cash-to-Debt Historical Data

The historical data trend for Minas Metals'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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Minas Metals Cash-to-Debt Chart

Minas Metals Annual Data

Trend

Jan22

Jan23

Cash-to-Debt

4.04

No Debt

Minas Metals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	No Debt	No Debt	0.16	0.19

Competitive Comparison of Minas Metals's Cash-to-Debt

For the Gold subindustry, Minas Metals'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.

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

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

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

Minas Metals 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.

Minas Metals's Cash to Debt Ratio for the fiscal year that ended in Jan. 2023 is calculated as:

Minas Metals had no debt ⁽¹⁾.

Minas Metals's Cash to Debt Ratio for the quarter 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)
	=	0.02	/	(0.103	+	0)
	=	0.19

Minas Metals (XCNQ:MINA) 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.

Minas Metals Cash-to-Debt Related Terms

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Minas Metals (XCNQ:MINA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minas Metals Ltd (XCNQ:MINA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1J1:Germany

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.minasmetals.ca

Minas Metals Ltd is a Canadian junior mining exploration company exploring its flagship Cracker Creek gold project in northeastern Oregon, USA, and battery metal projects in Minas Gerais state of Brazil, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district.

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