Magna Terra Minerals (Magna Terra Minerals) Cash-to-Debt

: 5.17 (As of Nov. 2023)

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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. Magna Terra Minerals's cash to debt ratio for the quarter that ended in Nov. 2023 was 5.17.

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, Magna Terra Minerals could pay off its debt using the cash in hand for the quarter that ended in Nov. 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 Magna Terra Minerals's Cash-to-Debt or its related term are showing as below:

BRIOF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 73.39 Max: No Debt
Current: 5

During the past 13 years, Magna Terra Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 73.39.

BRIOF's Cash-to-Debt is ranked worse than
58.28% of 2632 companies
in the Metals & Mining industry
Industry Median: 18.15 vs BRIOF: 5.00

Magna Terra Minerals Cash-to-Debt Historical Data

The historical data trend for Magna Terra Minerals'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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Magna Terra Minerals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

No Debt

137.24

0.69

No Debt

Magna Terra Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt																3.92	8.50	43.75	No Debt	5.17

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Magna Terra Minerals'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.

Magna Terra Minerals Cash-to-Debt Distribution

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

* The bar in red indicates where Magna Terra Minerals's Cash-to-Debt falls into.

Magna Terra Minerals 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.

Magna Terra Minerals's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Magna Terra Minerals had no debt ⁽¹⁾.

Magna Terra Minerals's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	0.062	/	(0.012	+	0)
	=	5.17

Magna Terra Minerals (OTCPK:BRIOF) 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.

Magna Terra Minerals Cash-to-Debt Related Terms

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Magna Terra Minerals (Magna Terra Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Terra Minerals Inc (OTCPK:BRIOF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MTT:Canada

Address

20 Adelaide Street East, Suite 915, Toronto, ON, CAN, M5C 2T6

Website

http://www.magnaterraminerals.com

Magna Terra Minerals Inc is a Canada-based precious metals focused exploration company. Magna Terra owns two district-scale, resource-stage gold exploration projects in the top-tier mining jurisdictions of New Brunswick and Newfoundland and Labrador. Principally, it is engaged in the business of acquisition and exploration of mining properties in Argentina and Canada. Its project includes Atlantic Canada; Santa Cruz and Quebec projects.