Lithiumbank Resources (TSXV:LBNK) Cash-to-Debt : 32.35 (As of Dec. 2023)

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What is Lithiumbank Resources 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. Lithiumbank Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 32.35.

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, Lithiumbank Resources 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 Lithiumbank Resources's Cash-to-Debt or its related term are showing as below:

TSXV:LBNK' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.83 Med: No Debt Max: No Debt
Current: 32.35

During the past 3 years, Lithiumbank Resources's highest Cash to Debt Ratio was No Debt. The lowest was 10.83. And the median was No Debt.

TSXV:LBNK's Cash-to-Debt is ranked better than
53.69% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs TSXV:LBNK: 32.35

Lithiumbank Resources Cash-to-Debt Historical Data

The historical data trend for Lithiumbank 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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Lithiumbank Resources Cash-to-Debt Chart

Lithiumbank Resources Annual Data

Trend

Sep21

Sep22

Sep23

Cash-to-Debt

No Debt

10.83

Lithiumbank Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	No Debt	No Debt	10.83	32.35

Competitive Comparison of Lithiumbank Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Lithiumbank 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.

Lithiumbank Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Lithiumbank 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.

Lithiumbank Resources's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	6.497	/	(0.6	+	0)
	=	10.83

Lithiumbank Resources'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)
	=	11.321	/	(0.35	+	0)
	=	32.35

Lithiumbank Resources (TSXV:LBNK) 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.

Lithiumbank Resources Cash-to-Debt Related Terms

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

Lithiumbank Resources (TSXV:LBNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithiumbank Resources Corp (TSXV:LBNK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LBNKF:USA HT9:Germany

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.lithiumbank.ca

Lithiumbank Resources Corp is engaged in the exploration and development company focused on lithium-enriched brine projects in Western Canada.

Executives

John Gianni Kovacevic	Director
Christopher Stuart Murray	Director

Lithiumbank Resources (TSXV:LBNK) Headlines

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