Millennial Potash (TSXV:MLP) Cash-to-Debt : 14.92 (As of Nov. 2023)

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What is Millennial Potash 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. Millennial Potash's cash to debt ratio for the quarter that ended in Nov. 2023 was 14.92.

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, Millennial Potash could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

TSXV:MLP' s Cash-to-Debt Range Over the Past 10 Years
Min: 14.92 Med: No Debt Max: No Debt
Current: 14.92

During the past 5 years, Millennial Potash's highest Cash to Debt Ratio was No Debt. The lowest was 14.92. And the median was No Debt.

TSXV:MLP's Cash-to-Debt is ranked worse than
51.59% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs TSXV:MLP: 14.92

Millennial Potash Cash-to-Debt Historical Data

The historical data trend for Millennial Potash'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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Millennial Potash Cash-to-Debt Chart

Millennial Potash Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

No Debt

58.55

25.45

Millennial Potash Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial													104.22	No Debt	No Debt	25.45	14.92

Competitive Comparison of Millennial Potash's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Millennial Potash'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.

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

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

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

Millennial Potash 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.

Millennial Potash's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	1.629	/	(0.064	+	0)
	=	25.45

Millennial Potash'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)
	=	0.552	/	(0.037	+	0)
	=	14.92

Millennial Potash (TSXV:MLP) 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.

Millennial Potash Cash-to-Debt Related Terms

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Millennial Potash (TSXV:MLP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millennial Potash Corp (TSXV:MLP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MLPNF:USA X0D:Germany X0D:Germany

Address

300-1455 Bellevue Avenue, West Vancouver, Vancouver, BC, CAN, V7T 1C3

Website

https://www.millennialpotash.com

Millennial Potash Corp is a Canadian resource company focused on the exploration and development of potash deposits. The company's flagship asset is the Banio Potash Project located along the coast of Gabon, West Africa, which has the potential to have all the right characteristics to become a producer of potash.