Mandrake Resources (FRA:CQ4) Cash-to-Debt

: No Debt ⁽¹⁾ (As of Dec. 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. Mandrake Resources's cash to debt ratio for the quarter that ended in Dec. 2023 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, Mandrake Resources could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Mandrake Resources's Cash-to-Debt or its related term are showing as below:

FRA:CQ4' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Mandrake Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was No Debt.

FRA:CQ4's Cash-to-Debt is ranked better than
99.92% of 2633 companies
in the Metals & Mining industry
Industry Median: 18.1 vs FRA:CQ4: No Debt

Mandrake Resources Cash-to-Debt Historical Data

The historical data trend for Mandrake Resources'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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Mandrake Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

Mandrake Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt																No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Gold subindustry, Mandrake Resources'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.

Mandrake Resources Cash-to-Debt Distribution

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

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

Mandrake Resources 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.

Mandrake Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Mandrake Resources had no debt ⁽¹⁾.

Mandrake Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Mandrake Resources had no debt ⁽¹⁾.

Mandrake Resources (FRA:CQ4) 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.

Mandrake Resources Cash-to-Debt Related Terms

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Mandrake Resources (FRA:CQ4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mandrake Resources Ltd (FRA:CQ4) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MAN:Australia

Address

10 Outram Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mandrakeresources.com.au

Mandrake Resources Ltd is engaged in the exploration of mineral properties. It holds interests in the Berinka Pine Creek Gold Project located to the south of Darwin; and the Jimperding Project, Utah lithium. The company has an exploration license in the western limb of the Pine Creek Orogen, Northern Territory.

Mandrake Resources (FRA:CQ4) Headlines

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