Century Lithium (TSXV:LCE) Cash-to-Debt : 25.16 (As of Dec. 2023)

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Century Lithium Cash-to-Debt Definition

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. Century Lithium's cash to debt ratio for the quarter that ended in Dec. 2023 was 25.16.

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, Century Lithium could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:LCE' s Cash-to-Debt Range Over the Past 10 Years
Min: 22.77 Med: No Debt Max: No Debt
Current: 25.16

During the past 13 years, Century Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 22.77. And the median was No Debt.

TSXV:LCE's Cash-to-Debt is ranked better than
52.31% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs TSXV:LCE: 25.16

Century Lithium Cash-to-Debt Historical Data

The historical data trend for Century Lithium'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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Century Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

22.77

33.63

25.16

Century Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															36.48	33.63	31.24	26.43	25.16

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Century Lithium'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.

Century Lithium Cash-to-Debt Distribution

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

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

Century Lithium 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.

Century Lithium's Cash to Debt Ratio for the fiscal year 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)
	=	14.393	/	(0.278	+	0.294)
	=	25.16

Century Lithium'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)
	=	14.393	/	(0.278	+	0.294)
	=	25.16

Century Lithium (TSXV:LCE) 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.

Century Lithium Cash-to-Debt Related Terms

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

Century Lithium (TSXV:LCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Century Lithium Corp (TSXV:LCE) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

CYDVF:USA C1Z:Germany

Address

777 Dunsmuir Street, Suite 1610, PO Box 10427, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.centurylithium.com

Century Lithium Corp Is a lithium exploration company engaged in the acquisition, exploration, evaluation, and development of resource properties located in the United States. It has focused on developing owned Clayton Valley Lithium Project in Nevada, USA. The company discovered a world-class resource of lithium-bearing claystone, adjacent to the Albemarle Silver Peak mine, North America's only lithium brine operation. It is actively processing material from its lithium-bearing claystone deposit at its lithium extraction facility in Amargosa Valley, Nevada.

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