MegaWatt Lithium and Battery Metals (HAM:WR2) Cash-to-Debt : 0.16 (As of Dec. 2023)

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What is MegaWatt Lithium and Battery 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. MegaWatt Lithium and Battery Metals's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.16.

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, MegaWatt Lithium and Battery Metals couldn't 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 MegaWatt Lithium and Battery Metals's Cash-to-Debt or its related term are showing as below:

HAM:WR2' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: No Debt Max: No Debt
Current: 0.15

During the past 6 years, MegaWatt Lithium and Battery Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.14. And the median was No Debt.

HAM:WR2's Cash-to-Debt is ranked worse than
87.48% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs HAM:WR2: 0.15

MegaWatt Lithium and Battery Metals Cash-to-Debt Historical Data

The historical data trend for MegaWatt Lithium and Battery 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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MegaWatt Lithium and Battery Metals Cash-to-Debt Chart

MegaWatt Lithium and Battery Metals Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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No Debt

MegaWatt Lithium and Battery Metals 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															No Debt	No Debt	No Debt	No Debt	0.16

Competitive Comparison of MegaWatt Lithium and Battery Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, MegaWatt Lithium and Battery 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.

MegaWatt Lithium and Battery Metals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where MegaWatt Lithium and Battery Metals's Cash-to-Debt falls into.

MegaWatt Lithium and Battery 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.

MegaWatt Lithium and Battery Metals's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

MegaWatt Lithium and Battery Metals had no debt ⁽¹⁾.

MegaWatt Lithium and Battery Metals'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)
	=	0.008	/	(0.051	+	0)
	=	0.16

MegaWatt Lithium and Battery Metals (HAM:WR2) 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.

MegaWatt Lithium and Battery Metals Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of MegaWatt Lithium and Battery Metals's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

MegaWatt Lithium and Battery Metals (HAM:WR2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MegaWatt Lithium and Battery Metals Corp (HAM:WR2) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

WALRD:USA WR2:Germany MEGA:Canada

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.megawattmetals.com

MegaWatt Lithium and Battery Metals Corp is involved in the acquisition and exploration of mineral properties in Canada. It holds an interest in the Cobalt Hill property located in the Trail Creek Mining Division in the Province of British Columbia, Canada.

MegaWatt Lithium and Battery Metals (HAM:WR2) Headlines

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